'Resource curse' to imperil New Mexico's oil-based economy, study warns
Market fluctuations in the next 15 years could result in $36 billion less in fossil fuel revenue than present state forecasts, read a recent study.
Source: currentargus.com
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'Resource curse' to imperil New Mexico's oil-based economy, study warns
Market fluctuations in the next 15 years could result in $36 billion less in fossil fuel revenue than present state forecasts, read a recent study.
Source: lcsun-news.com
Volatile oil and gas taxes dominate New Mexico revenue forecast
Oil and natural gas-related taxes and payments are driving projected increases in the state's general fund and stirring concerns about a future revenue drop.
Source: bondbuyer.com
New Mexico is enjoying enormous revenue from an oil boom. But financial experts are warning lawmakers to prepare for the 'last bust'
Group warned New Mexico's over-reliance on one industry for government revenue creates long-term risk to the state budget.
Source: abqjournal.com
Report Says New Mexico Too Reliant On Gas And Oil Revenues
A report presented to lawmakers on Monday states too much of the state's financed are tied to the ups and downs of the fossil fuel industries.
Source: ksfr.org