Mr. Speaker, we have a problem right now because of our very low dollar. The business of the country is for sale at bargain basement prices on the international market, so it is a problem indeed. One thing the bill deals with is privatization, and I believe it includes elements of the Petro-Canada deal.
The hon. member who just spoke will recall that it was a number of years ago that Petro-Canada was created. I do not know whether he was in the House at the time. As part of the bill we are now divesting ourselves of Petro-Canada. I would like to know whether the hon. member supported a nationalized oil company at the time and whether he supports the part of the bill that would now get rid of it. How far would he take the nationalization of these industries? Would he encourage Canada to gain control of all its major oil companies? How far would he take it?