Mr. Speaker, without question there are refining costs and they amount to about 20% of the price.
There is the price of crude oil. There is no question that the price of crude oil is driven by global market forces. The oil companies make profits on the price of crude oil that they sell.
Canada is a very large and diverse country as everyone knows. In certain regions of Canada refineries import crude oil and it is refined here in Canada. In other parts of Canada the refining is done domestically because of the size of our country.
Canada is a net exporter of crude oil but the crude oil market price is driven by global markets. The government does not believe that it should dictate to that sector the price that it should sell, buy or place on surtaxes. We will work with that sector to ensure the industry continues to make the investments in order to continue to be a world leader in research and technology.