Don't Endanger the Economic Life of NM

Dennis Kintigh

NMPolitics - Sadly most New Mexicans do not know how critical the oil and gas industry is to the economic health of our state. Currently 16 percent of the state’s revenue comes directly from the oil and gas business. Another 11 percent comes from interest on the permanent fund, which is filled with moneys from oil and gas sales. These figures do not include corporate income tax from oil companies, sales tax on equipment purchases for the oil fields, or income tax on the 23,000 individuals directly employed in the oil and gas industry. Whether we like it or not, this state’s economic health is dependent upon oil and gas operations more than any other activity. Read full column here: News New Mexico

Don't Endanger the Economic Life of NM