Natural Resources committee  Yes, and we did see it took a little time for the market to move the propane to where it was needed. But the movement of propane out of the caverns in the gulf coast up into the Midwest, which then connects up into the problem areas that we were experiencing in central Canada, or

Natural Resources committee  Historically, industrial use, including petrochemicals, has been a significant source of Canadian demand. A significant factor in the market is that petrochemical producers have a decent amount of flexibility in what feedstock they use, and lately, just because of relative price

Natural Resources committee  I have a couple of points. The agricultural demand in the U.S., during 2013, was estimated to be as much as five times greater than it was in 2012, so that was a significant factor. Going by memory, I believe that in the propane report, it was noted that some suppliers saw a dema

Natural Resources committee  Yes, there's table 4.1 in the report. As Mr. Hubbard alluded to, we saw similar per cent increases, actually slightly higher, in prior years. In terms of actual cents per litre, looking at Sarnia prices, these were the highest that we've seen. If you adjust to current dollars,

Natural Resources committee  Sure. I would just add two things. We tend to look more at the macro-picture as opposed to the individual retailer level. Two things suggest to me that it was more than just an isolated retailer perhaps making a miscalculation. We did see very large inventory draws across signif

Natural Resources committee  Thank you, Shelley. Where do we stand today? I'm happy to say that it's largely a good news update. Two weeks ago the NEB released a market snapshot highlighting the Canadian propane market's recovery from last winter. Wholesale propane prices that spiked to above 76¢ per litre