Mr. Speaker, that is a very narrow look at what the current state is. I will acknowledge that prices have come off, but this is a longer-term play for most of these businesses. If the price is at $45 or $55, I can say that our companies have been driving their costs down to be competitive. The oil sands companies have done an outstanding job doing that. I believe the price will come back. These investors look at it as the long term; they do not look at it over a three-month period.
In the House of Commons on March 9th, 2020. See this statement in context.