Mr. Speaker, the price of gas has gone up to $1.50, and people are very angry about indecent prices and indecent profits. When gas was 50¢ per litre, Petro-Canada was making $100 million in profits.
At 73¢ a litre, Husky Oil made $546 million in a year.
With gas at well over $1 a litre now and climbing, Imperial Oil has just reported $681 million in profit in a single quarter.
With Congress and Senator Obama going after big oil, why is the Prime Minister, with the help of the so-called opposition, giving them tax cuts?