Mr. Speaker, I believe in a free market with safeguards to protect everyone's rights. However, we must never ignore the fierce global competition.
Contrary to popular belief, Mr. Harper's government eliminated many subsidies for big oil.
An article published by CBC this morning indicated:
The total volume of Canadian imports from Saudi Arabia has increased by 66 per cent since 2014...
Saudi oil accounted for roughly 10 per cent of Canadian consumption, up from about eight per cent in 2017...
Saudi Arabia is the second-largest source of foreign oil for Canada, after the U.S.
Even human rights groups are saying that we need to stop importing oil from Saudi Arabia.
One of the reasons why I believe we need to support the Canadian oil industry is the great Canadian paradox. The article goes on to say:
Canada is the fourth-largest producer and fourth-largest exporter of oil in the world...and 99 per cent of Canadian oil exports go to the U.S.
Canada is also an oil importer, which is rare for an exporting country.
The paradox is that we have one of the world's largest energy resources. Importing oil for our country is ridiculous. We need to put an end to that.
Under the leadership of the Conservative leader, the member for Regina—Qu'Appelle, Canada would become self-sufficient. That is a commendable goal that everyone in the country should support.