The New NAFTA deal
Posted: Wed Oct 03, 2018 8:58 am
Oil and gas industry praises Trump's new NAFTA deal . Washington Examiner .
The petroleum industry on Monday urged Congress to approve the Trump administration’s renegotiated NAFTA agreement, and said the new deal promises to maintain booming exports of oil and natural gas to America’s northern and southern neighbors. “We urge Congress to approve the USMCA,” said Mike Sommers, president and CEO of the American Petroleum Institute, the largest U.S. oil and gas trade group. “Having Canada as a trading partner and a party to this agreement is critical for North American energy security and U.S. consumers. Retaining a trade agreement for North America will help ensure the U.S. energy revolution continues into the future.” The group praised the new deal after some had feared President Trump could tear up the North American Free Trade Agreement, which had helped make Mexico the largest export market for U.S. oil, transportation fuel, and natural gas. Canada has its own special energy relationship with the U.S. that is aided by NAFTA and is the biggest U.S. supplier of foreign oil and a significant net exporter of electricity to America.
The petroleum industry on Monday urged Congress to approve the Trump administration’s renegotiated NAFTA agreement, and said the new deal promises to maintain booming exports of oil and natural gas to America’s northern and southern neighbors. “We urge Congress to approve the USMCA,” said Mike Sommers, president and CEO of the American Petroleum Institute, the largest U.S. oil and gas trade group. “Having Canada as a trading partner and a party to this agreement is critical for North American energy security and U.S. consumers. Retaining a trade agreement for North America will help ensure the U.S. energy revolution continues into the future.” The group praised the new deal after some had feared President Trump could tear up the North American Free Trade Agreement, which had helped make Mexico the largest export market for U.S. oil, transportation fuel, and natural gas. Canada has its own special energy relationship with the U.S. that is aided by NAFTA and is the biggest U.S. supplier of foreign oil and a significant net exporter of electricity to America.