Taking a Look at Our Extraction Industries!

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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Galisteo Drilling a Boon for Area and State

In most places in the United States, including New Mexico, oil and gas discovered on one's land would be seen as a blessing, and in fact large fortunes have been made through surface leases and royalties. After all, oil and gas have been integral to our daily lives...

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Renewable Energy, Fossil-Fuels Both Vital to U.S. Future

Jason Marks, the State Public Regulation Commissioner from the Albuquerque district, recently authored an article criticizing the vote by Congress, and specifically New Mexico Senator Pete Domenici, which would allow the current renewable energy tax credits to expire...

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Politics and the State’s Energy Problems

New Mexico businesses— whether directly engaged in the energy industry or not— should be wary of proposed policy changes supposedly targeted at energy companies. If enacted, these laws would actually harm users of energy (residential as well as business users). The...

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Don’t Take Pols’ Hooey on Gas Prices

Have you noticed that politicians are constantly talking about gasoline prices? As the 2006 election approaches, claims and counterclaims about the cause of high gasoline prices are becoming more intense. But the din of political opportunism has trumped sound economic...

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Hysteria Over High Gas Prices is Pumped Up

The hysteria surrounding the spike in gasoline prices has risen to the level of the late 1970s and early 1980s "oil-crisis" madness. Most of the media is actively participating in the doomsday chorus, and the House of Representatives recently voted 389-34 to make...

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