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New Mexico's Leaders Say Biden Energy Bans Will Devastate State's Economy
New Mexico’s leaders are worried that Biden’s war on the energy business will devastate the state’s economy, where education, jobs and public programs depend on funding from the industry.
President Joe Biden’s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other public programs hinges on the industry’s success.
Top Republicans in the state as well as local leaders in communities that border the Permian Basin — one of the most productive regions in the U.S. — say any moves to make permanent the suspension would be economically devastating for the state. Half of New Mexico’s production happens on federal land and amounts to hundreds of millions of dollars in royalties each year.
not a week in and his economic policies are potentially causing great damage.
New Mexico’s leaders are worried that Biden’s war on the energy business will devastate the state’s economy, where education, jobs and public programs depend on funding from the industry.
President Joe Biden’s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other public programs hinges on the industry’s success.
Top Republicans in the state as well as local leaders in communities that border the Permian Basin — one of the most productive regions in the U.S. — say any moves to make permanent the suspension would be economically devastating for the state. Half of New Mexico’s production happens on federal land and amounts to hundreds of millions of dollars in royalties each year.
not a week in and his economic policies are potentially causing great damage.