Mr. Speaker, the thing that stood out in my mind as the member was speaking was that Bill C-14 allows the industry to police itself. That is kind of scary for me, given what is going on at the pumps.
A year and a half ago we were paying almost double per barrel what is being charged now and the prices at the pump were about $1.00 or $1.01. The prices now are about $1.00 or $1.01 and the price per barrel is half the price what it was.
There has to be some regulation. If we are allowing the companies to police themselves, God knows what is going to happen tomorrow. Could the member elaborate on that for us?