Perry optimistic that a new NAFTA deal will take into account the new energy realities

Fuel Fix:

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."
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"Our friends in Mexico and Canada are pretty good negotiators," he said. "We not only will have a good agreement, it'll be a fair agreement, and the private sector can know there will be contract in hand so when they come to invest in Mexico or Canada or the United States, there will be a good framework in place in which they can do business."

On Wednesday, at an energy conference in downtown Houston, Perry also urged collaboration between the three North American nations on hardening the cybersecurity of electric grids. The Department of Energy, he said, is charged with ensuring the nation's power grid is protected from online attacks, but Perry called cybersecurity "one of the greatest challenges of our generation."
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One of the things that changed is that now both Mexico and Canada are importing oil and gas from the US instead of vice-versa.  That gives them an incentive to reach a fair agreement on other items too.