An Energy Independent North America Needs NAFTA

NAFTA talks continue. Goods like milk, lumber and auto parts
are all under the negotiators’ microscopes. Oil is clearly visible
too. Last year, the bilateral trade of energy (including natural
gas, oil and power) between the U.S. and Canada was about U.S $55
billion, with oil being 80 percent of the total. Its dollar amount
dwarfs other industries, but negotiators may need to view this
vital commodity using a different lens. Beyond size, the upstream
oil business between America and Canada reveals big shifts in
dollar and volume trade over…

NAFTA talks continue. Goods like milk, lumber and auto parts
are all under the negotiators’ microscopes. Oil is clearly visible
too. Last year, the bilateral trade of energy (including natural
gas, oil and power) between the U.S. and Canada was about U.S $55
billion, with oil being 80 percent of the total. Its dollar amount
dwarfs other industries, but negotiators may need to view this
vital commodity using a different lens. Beyond size, the upstream
oil business between America and Canada reveals big shifts in
dollar and volume trade over…