Industry committee  Was it five minutes? Sorry.

Industry committee  Mr. Lake, thank you for that.

Industry committee  Old habits are hard to break.

Industry committee  --save and accept, Mr. Lake--and you'll appreciate this--something that I was not successful in was the issue of changing the efficiencies defence loophole in the Competition Act. To put that in perspective, it deals with Superior Propane having been able to obtain a virtual mono

Industry committee  Mr. Julian, the issue of the petroleum price monitoring agency, which included as part of its emphasis the idea of a weekly petroleum monitoring report, in fact originated from me and my party, and we implemented that in late 2005. Unfortunately, as you know, the government fell

Industry committee  Oh, you did? By all means, Chair.

Industry committee  That's a good question, Mr. Lake. You'll realize that I was also parliamentary secretary to the Minister of Foreign Affairs, with the responsibility for Canadians abroad. There have been a number of recommendations made over the years, most of them dealing with changes to the C

Industry committee  All right. Mr. Julian, simply put, yes, it does demonstrate excessiveness. Of course refiners and others are in for the ride. If they can obtain tonight 23.2¢ a litre as a crude-to-rack spread, that's great when it only costs them 4¢ or 5¢ a litre. It does have a dislocative e

Industry committee  Thank you for the question, Mr. Hsu. Kingston is one of the strangest markets out there. But when you're a refiner that makes 23¢ a litre turning crude into gasoline when it only costs 4¢ or 5¢ a litre, so that your profit is about 17¢, 18¢ per litre net, you don't really worry

Industry committee  Chair, if I could comment on that, a marketer in Ontario cannot go to the United States to buy product because the specifications are different. It's an example where the Competition Bureau probably doesn't understand that things have changed. The specification difference, part

Industry committee  Thank you, Mr. Braid.

Industry committee  Thank you for that, Mr. Braid. I know of the good work you've done on committee. I miss those days, and I look forward to future ones, particularly on this issue. I think the starting point was what we agreed to at the G-20 in Pittsburgh and what I alluded to in my opening comme

Industry committee  And former members.

Industry committee  Mr. Masse, it certainly wouldn't hurt. There are a lot of vested interests. In my experience of 19 years of looking at this, a lot of people have looked at this and from certain perspectives have used the industry's own figures to summarize what I've just done. I'm glad to see th

Industry committee  Chairman Sweet and colleagues, former colleagues, and perhaps even future colleagues, it's a great opportunity and honour to be here. Thank you for the invitation as to appear as a witness, and thanks in particular to my colleague who's replaced me, Mr. Chisu, a very fine man. I