Just to give you an example, the paper that I was referring to in my piece was written about a year and a half ago. Since then, the price discount has become much more entrenched. It's no longer viewed as a temporary or one-off phenomenon. It's now being built into investment plans inside the oil sector. We have seen projects being deferred or cancelled. We have seen at least some of the ongoing projects slowing down the pace of development.
It's also showing up just in terms of the bottom lines. The oil sector was far more profitable five to six years ago, with essentially the same or similar price levels, than it is today. Part of that is cost escalation over the last few years, but the issue also is that the discount we're getting relative to the international benchmarks is much, much higher today than it was at that time. There's definitely an impact in terms of the business activity that's going on, which of course impacts the potential for growth going down the road. It's also affecting the bottom line both for businesses and for government today.