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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: elmatador who wrote (200837)	4/10/2020 10:25:55 AM
From: E_K_S	Read Replies (1) of 206180

I wonder what power USMCA might have (if any) on Mexico and/or US and/or Canada have in entering into some type of OPEC deal? I suspect some agreement (perhaps short term) would be in the best interests of all parties subject to the length of the pandemic. I do think USMCA (if it covers oil production/output) or more broadly trade between USMCA member vs others may/could be one of the 'New Normals' and could see prices/production be set based on the benefit to the members (USMCA). OPEC in the long run future just may not have the power to control prices like they have in the past. I believe USMCA members may see much longer term benefits especially as it relates to N. America production (and that oil/NG production specifically). EKS

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