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Industry-generated income accounted for 39% of all general fund revenues

And with the new legislative session starting next week, the eco-nutters in the legislature are trying to ban fracking, the state environment department is on the hunt for those who release methane from tanks, equipment and flares, and the state oil conservation commission is set to begin issuing severe fines against those who have spills or leaks (New Mexico adopts rule as oil industry touts fiscal impact).

While oil and gas is produced in the southeastern and northwestern areas of the state, the majority of the state's population is in the Rio Grande corridor from Las Cruces north to ABQ and Santa Fe. What the population hears are the enviro-Nazis, helped by their cronies in the press, saying how bad fossil fuels are for the environment, from climate change to pollution of land and water by the evil oil companies. The state oil and gas association (NMOGA) needs to hit the airwaves and press with stories of how industry provides jobs and supports public schools and infrastructure.

1 posted on 01/17/2020 4:22:24 PM PST by CedarDave
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To: CedarDave

Earned, or extorted?

ML/NJ


2 posted on 01/17/2020 4:24:34 PM PST by ml/nj
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To: CedarDave

And the democratic government is working as hard as they can to kill fracking and drilling everywhere they can in the state


3 posted on 01/17/2020 4:24:49 PM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: LegendHasIt; leapfrog0202; Santa Fe_Conservative; DesertDreamer; OneWingedShark; CougarGA7; ...

NM list PING!

I may not PING for all New Mexico articles. To see New Mexico articles by topic click here: New Mexico Topics

To see NM articles by keyword, click here: New Mexico Keyword

To see the NM Message Page, click here: New Mexico Messages

(The NM list is available on my FR homepage for FR member use; its use in the News Forum should not be for trivial or inconsequential posts. Let me know if you wish to be added or removed from the list.)
(For ABQ Journal articles requiring a subscription, scroll down to the bottom of the page to view the article for free after answering a question or watching a short video commercial.)

4 posted on 01/17/2020 4:25:29 PM PST by CedarDave (Democrats are the Granola Party -full of fruits, nuts and flakes. And they lie, that's who they are.)
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To: CedarDave

Also there used to be a rude racist term for people who came into large sums of money and spend it irresponsibly.

This is classic New Mexico. Have a large unusual income from oil and gas, and initiate a whole bunch of new programs rather than pay off their debts, or save for a rainy day


5 posted on 01/17/2020 4:26:08 PM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: CedarDave

Not earned


10 posted on 01/17/2020 5:19:56 PM PST by JerryBlackwell (some animals are more equal than others)
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To: CedarDave
How politicians manage an oil boom, even ignoring the taxes,laws, lies and commonplace thievery.

Industry-generated income accounted for 39% of all general fund revenues

spendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspendspend

But where did all the money go??


12 posted on 01/17/2020 5:53:06 PM PST by Fightin Whitey
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To: CedarDave
"That, in turn, offers unprecedented opportunities for investments in public education, state infrastructure, and public safety, Flynn added."

Communist ideology is wonderful... Get surprise billion and call for MORE spending... However, no relief in sight for taxpayers...

These communist scum will be sure to outspend any level of positive income so that, ultimately, more money can be taken via increased taxes from the workers...

The only people who will gain (monetarily) from this unexpected oil & gas income will be the state employees and the communist propagandists who belong to the NEA and proselytize in the government schools...

13 posted on 01/17/2020 6:55:53 PM PST by SuperLuminal (Where is Sam Adams now that we desperately need him)
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To: CedarDave
NM earned $3.1B in oil, gas revenue in FY 2019

Partner, the ignoramus Governor of New Mexico had no idea of where the jobs were in New Mexico.

We hope she will not make it next time around since she can not even find the bathroom.

14 posted on 01/17/2020 7:03:26 PM PST by TheConservativeTejano (God Bless Texas...)
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To: CedarDave

So now the eco-FReaks have $3.1 Billion to piss away?

Hope someone is watching the public purse!


15 posted on 01/17/2020 7:47:44 PM PST by Taxman (We will never be a truly FRee people so long as we have the income tax and the IRS!)
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