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Perry says renegotiating NAFTA needed because of U.S. energy bounty

  • Wednesday, November 15, 2017
  • Posted By Unknown

111517 Source: Fuel Fix | Collin Eaton | November 15, 2017 


At appearances in Houston this week, Energy Secretary Rick Perry said it makes sense for the United States, Canada and Mexico to renegotiate the North American Free Trade Agreement, in part because of the enormous new supply of U.S. oil and gas locked in once-inaccessible shale rocks.


Asked whether renegotiating NAFTA – a thorny and potentially yearlong process that the Trump Administration began this summer – would affect energy trade between the three countries, Perry said the renegotiation was a "good process; it's a healthy process."



"Fifteen years ago, they told us we found all the oil and gas there was to find and that the days of being able to develop oil and gas were over with," Perry said, "Well, that's not the case. So does it make sense to sit down with our colleagues in Canada and Mexico to renegotiate a new North America Free Trade Agreement? Yes, I think it does."


To complete article, please visit the Fuel Fix blog here.




energy trade US Gas US Oil NAFTA




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