Taking a Look at Our Extraction Industries!

NM needs to use oil and gas bonanza wisely

The following appeared at NMPolitics.net on May 29, 2018. COMMENTARY: New Mexico policymakers and citizens received some good economic news recently. Thanks to the much-maligned process known as fracking, oil production in the Permian Basin in Southeast New Mexico is...

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‘New Money’ won’t solve state’s problems

Lawmakers, bureaucrats, and lobbyists are salivating over the nearly $200 million in "new money" Santa Fe is slated to receive during New Mexico's next fiscal year. But while the worst of our state's fiscal crisis appears to be behind us, caution is called for -- not...

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Restricting oil imports a dangerous proposal for U.S.

The price of oil impacts New Mexico's economy in a big way. Oil prices that once hovered at $110 per barrel dropped as low as $27 earlier this year, and now hover around $50. That's lower than we've grown accustomed to, but it is hardly a crisis – and certainly...

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Putting Oil/Gas Off-Limits Bad Move for Wrong Reasons

Given the challenges facing New Mexico’s economy — and with the price of gasoline on the rebound — we at the Rio Grande Foundation expressed our view that the citizens and political leadership in Sandoval County should have given SandRidge Energy a fair hearing over...

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New Mexico’s Extraction Industries

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Freer Trade Could Help New Mexico Oil and Gas Industry

No matter what one thinks about recent battles over Trade Promotion Authority and the Trans Pacific Partnership, freer trade would be good for New Mexico's main private sector industry (oil and gas). In this case, as I argue below, freer trade would impact the...

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