Madam Speaker, the hon. member is right. The Government of Canada does not control the world prices for oil. Right now I believe it is at $49 per barrel. That was the last time I checked. I know some countries can produce a barrel of oil for $10 per day. In Alberta, that is not the cost per barrel. It is much more than the prices currently reflected on the stock market.
Again I will repeat that there are 20 projects that have been approved in Canada, representing a capacity of 2.7 million barrels per day, and they are not moving forward because of the current world market prices.