Thank you, Mr. Chair.
Mr. Leyburne, you said earlier in your opening remarks that Canada was an energy power that could contribute to global energy security and respond to uncertainty. This brings to mind two witnesses, Professor Normand Mousseau and Professor Pineau, who appeared before us. They came to tell us that, in their opinion, Canada wasn't an energy superpower that could influence energy prices around the world.
We understand the current geopolitical situation, which is creating major distortions. However, I think that efforts are currently being made to mislead people by claiming that producing more oil in Canada could result in lower prices at the pump. I would like to hear the CER officials' opinion on this matter, as well as your view, Mr. Leyburne.
If I go by what the experts say, I don't think that producing more oil in Canada would lower the price at the pump. As you know, oil prices are managed by the stock market. Canada's production would have almost no effect on the stock market.
Can you dispel the myth that pump prices would be lower if Canada were to produce more oil?