Mr. Speaker, perhaps I should have said “uninformed on the economy”. Nowhere has it been mentioned by the Liberals and Conservatives in this debate about the role of netbacks in transport options, which shows a lack of understanding of economics. Some analysts have mentioned that the netbacks are one of the reasons the Keystone XL project is stalled. Therefore, can the member illuminate why commodity prices and netbacks may play a role behind the project going forward or not? If it does not make economic sense, why would the U.S. want the project to go forward? The member seems to think that the motion will make the U.S. say yes to the project because it would mean the export of 40,000 jobs. However, I think he should look more at the argument of netbacks and transport options.
Could he illuminate the House about the role of netbacks in the oil industry?