Taking a Look at Our Extraction Industries!

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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‘Fracking’ Essential To Future

Mora County Commissioner John Olivas wants a ban on oil and gas drilling in Mora County because he is concerned with the environmental impact of a drilling process named hydraulic fracturing – or “fracking,” as it is colloquially called. Mora County is not alone in...

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Eliminating Tax Credits Won’t Solve Budget Problem

With a $400 million budget deficit facing lawmakers when they return to Santa Fe, the 100+ tax credits and deductions that the state offers have justifiably come under greater scrutiny. While we applaud the increased concern over New Mexico's fiscal condition, there...

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Renewables Draining Economy

Under New Mexico's "Renewable Portfolio Standard" law, regulated electric utilities must derive 15 percent of their electricity needs from renewable sources by 2015, with 20 percent to come from renewable sources by 2020. Starting in late June, Public Service Company...

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Misguided Energy Policies Harm Us All

Misinformed and misguided laws and policies affecting how New Mexico and the nation generate and use energy are in danger of being enacted. These policies will cost consumers money, hurt the state and national economies at a perilous time, and increase reliance on oil...

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