You've referenced the International Energy Agency. They've typically been on the lower end of demand forecasts. Traditionally, they haven't been terrific forecasters.
There's a wide base of opinions on whether 2030 is peak demand or 2050. In the end, what we have is growth in demand plus the need to offset something called “production decline”. From the 15,000 fields the IEA studied late last year, they found that decline rates are increasing. That means that for Canada, our role is not just satisfying demand growth, but helping offset the declines in production.
I think in the not-too-distant future, there will be a heavy call on every single barrel that we can possibly produce. That's why with the time frame for a new million-barrel-per-day pipeline to the west coast—if it is in fact eight to 10 years—we're now up against the clock.
However, I'm not concerned about thirst for our oil. The minister who was in India referenced that India would buy every barrel that we would have. They want our natural gas. I think there's a global thirst for incremental Canadian barrels.