If Sandoval County commissioners give in to opponents of shale gas and oil production and impose a ban on the “fracking” process, New Mexico’s energy and economy will take a big hit.
Keep in mind that shale technology has quickly allowed America to become self-sufficient in energy while lowering costs and reducing carbon emissions.
Given that more than 30 percent of the state’s general fund revenue is derived from taxes paid by the oil and gas industry, a ban on shale production in energy-rich Sandoval County – the Mancos shale holds large amounts of natural gas – would mean less money would be available for many public services.
The general fund is the primary source of funding for public schools and higher education. It also pays for environmental protection, road construction and maintenance, and many other government functions.