Posted May 8, 2018
There’s no denying that North American Free Trade Agreement (NAFTA) has been very good for U.S. energy over the years. Yet, whether we will be able to say the same about NAFTA 2.0 years down the road is an open question.
That’s because the Trump administration has signaled a key NAFTA provision safeguarding U.S. energy investments in Canada and Mexico shouldn’t be included in a revised agreement. It’s an outcome that would be a significant setback for our energy and security interests.
Posted May 3, 2018
More on NAFTA – the North American Free Trade Agreement – which U.S., Canadian and Mexican negotiators are working to modernize.
Critically important to U.S. interests in any NAFTA 2.0 is keeping investor-state dispute settlement (ISDS) protections in the deal so that American investments and American property are protected against unfair treatment by host nation governments. ISDS is fundamental to this, which supports continuing U.S. investment in natural gas and oil projects outside this country. That, in turn, is fundamental to U.S. energy and national security. A couple of new videos underscore those points.
Posted May 1, 2018
While the Trump administration continues to sort out who will or won’t be subject to steel and aluminum tariffs, the under-reported aspect of the larger tariff-trade story is the potential impact of the tariff exemption process on U.S. industries that use lots of steel – including ours.
The reality is that businesses and industries that rely on imported steel to complete important projects efficiently and economically are in the middle of a nightmarish, bureaucratic mishmash only Washington could foist on private enterprise. That is, the laborious application for an exemption from the steel tariff – an import duty that could end up impacting consumers and our nation’s energy security.
To understand what’s going on, start by imagining the world’s largest snarl of red tape. It might look something like the world’s largest ball of twine, only red.
Posted March 12, 2018
Posted March 5, 2018
Highlights from the IHS CERAWeek conference in Houston that kicked off on Monday (infrastructure, trade)
Posted March 2, 2018
In recent weeks we’ve encouraged U.S. negotiators in ongoing talks to modernize the North American Free Trade Agreement to ensure that energy-supporting provisions remain in NAFTA. For a simple reason: NAFTA works for U.S. energy.
Posted February 21, 2018
With negotiations to modernize the North American Free Trade Agreement (NAFTA) headed for a seventh round, let’s underscore what we’ve said to U.S. negotiators since the start of talks last year: While we support attempts to modernize NAFTA, negotiators must not harm key NAFTA provisions that have strengthened the United States’ – and North America’s – energy position for decades.
Posted January 30, 2018
For the first installment of my API Chart of the Month series, let’s look at a pair of charts that show the strengthening of U.S. trade positions for petroleum – crude oil and refined products – and natural gas – supported by trade pacts such as the North American Free Trade Agreement (NAFTA). This is especially timely given the possibility trade will come up during tonight’s State of the Union address.
Posted January 29, 2018
Posted January 19, 2018
The past week or so we’ve talked a lot about how natural gas and oil help Americans power past the impossible – meeting the challenges of today and building a path to a better future. See API’s 2018 annual report, check out our keynote video and listen to API President and CEO Jack Gerard’s State of American Energy remarks. All point to the positive momentum for our nation provided by secure, abundant energy. Now, how do we keep it going? Gerard, speaking at the U.S. Energy Association’s State of the Energy Industry Forum, focused on three critical points for sustaining America’s energy renaissance.