Mr. Speaker, I would like to congratulate my colleague for his excellent presentation on the price of oil.
I would like to add that it is a moral duty for all governments to determine how oil companies are making such enormous profits. This is nothing new. It is not something we are asking of the government and that has never been done. In 1960, OPEC began looking after the interests of its member countries. This is not a recent event. Black gold is synonymous with very large profits for certain companies.
Do the profits of companies established in Canada remain in Canada? I would like my colleague to answer this question. Unfortunately, I am pretty certain that most of the profits do not remain in Canada and do not benefit Canadians. If these profits contributed to development, to the overall Canadian economy, they could still be acceptable. But that is not even the case.
It is vital that we examine how the government could limit these huge profits so that wealth could be redistributed, particularly among the most disadvantaged in our society who must pay. I understand that there is a world price for oil, but we must at least benefit in some way. What are my colleague's thoughts on how we could keep part of these huge oil profits in Canada?