Taking a Look at Our Extraction Industries!

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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Incredible 31 Percent of NM Budget Derived from Oil and Gas

Thanks to the show Breaking Bad, many Americans now realize that they don’t need passports to visit New Mexico. We surely appreciate the publicity. But New Mexicans have reason to be even more grateful to another industry. The New Mexico Tax Research Institute (NMTRI)...

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Natural Gas Could Be NM’s Ace in The Hole

Natural gas could revolutionize New Mexico’s economy. The fuel of which New Mexico is among the nation’s leading producers, has seen incredible growth in production with the advent of horizontal fracking and new drilling techniques resulting in a 25 percent increase...

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