As the Trump administration renegotiates the North American Free Trade Agreement (NAFTA), here’s one consideration to keep in mind: The U.S. could supply virtually all of our liquid fuel needs from right here in North America by 2020. U.S. consumers are already enjoying the advantages of leading the world in production and refining of oil and natural gas. With resources from Canada and Mexico rounding out our supply, we’re shielded even more from overseas disruptions that once frequently sent fuel prices on a roller coaster ride.
While the U.S. currently produces 90 percent of the natural gas we use domestically, the vast majority of the remainder comes from Canada, which is also our leading outside oil supplier. We must maintain this stable supply of energy from our neighbors, and that’s one of the reasons it’s so important to preserve key energy trade provisions in NAFTA.
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