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Natural Resources committee  I'm not really in a strong position to comment. It's just an observation. I'm not surprised at all, given the declining refining capacity and the growing world price of crude. I would agree with what has been said. The price increases are inevitable, whether it's directly becau

February 7th, 2012Committee meeting

Prof. Larry Hughes

Natural Resources committee  I'm willing to be corrected on this, but it's primarily historical. The dividing line was developed in the 1960s, so that everything west of the Ontario-Quebec boundary was to be supplied by western Canada and the area east of the Ottawa River was to be supplied from overseas. Du

February 7th, 2012Committee meeting

Prof. Larry Hughes

Natural Resources committee  The risk is not so much affordability, which of course I did mention before, but it can be an availability issue when we're talking about energy security. Specifically, we have eight major suppliers to eastern Canada. The U.K. and Norway, as I mentioned earlier, both peaked; Sau

February 7th, 2012Committee meeting

Prof. Larry Hughes

Natural Resources committee  It's a very important question. I know, as Mr. Smillie just pointed out, that it is a red flag to some, especially western members. What strikes me, from listening to what various witnesses have said today, is that we are moving towards an energy security policy for energy expor

February 7th, 2012Committee meeting

Prof. Larry Hughes

Natural Resources committee  Thank you. When I was invited to the committee by Mr. Stewart, I was asked if there were pipeline and refinery issues in Atlantic Canada. I said there were no refinery issues per se. We have three refineries in the four Atlantic provinces, but we don't really have any pipelines t

February 7th, 2012Committee meeting

Professor Larry Hughes