NM energy key to future - Albuquerque Journal

NM energy key to future

Per an Oct. 2 article, Bloomberg News named New Mexico the “top performing state economy” since President Trump took office. Jim Peach, a professor emeritus of economics at New Mexico State University, theorized the state’s “recent upswing in extractive industries like oil and gas” was a driving reason why.

He’s right.

Record output and energy infrastructure investment allowed lawmakers and Gov. (Susana) Martinez to allocate more funding to programs that sustain roads, schools and public safety. Energy has also given the state strong cash reserves, a reversal from a year ago, when lawmakers faced a ballooning budget gap.

State leaders have taken steps to continue this, rejecting county ordinances that would have implemented drilling setbacks – serving as de facto bans on gas extraction – and refusing to pass a redundant bill that would have restored a state agency’s ability to penalize producers, even though protocols like shutting in wells, denying permits and banning infringers already exist.

Such extra steps are unnecessary and only hurt New Mexico. Costly red tape and an unpredictable regulatory climate could force producers to consider whether staying here is a good idea or if fleeing next door to pastures like Texas and tapping the Permian Basin there is better.

That’s why voters must elect leaders, regardless of party affiliation, who’ll continue to support sensible energy solutions and infrastructure that will grow the economy further, especially since the state remains behind in other economic rankings like poverty, income and child wellbeing, forcing families and small businesses to look to states like Colorado and Utah for better opportunities when new ones are springing up here.

And thanks to safer technology and stringent regulations, America remains a leader in environmental stewardship. Case in point: The latest BP Statistical Review of World Energy said the U.S. reduced carbon emissions by 0.5 percent, the most of any major country, in 2017, while the economy grew nearly 3 percent.

Why risk taking away opportunity for New Mexicans when energy resources are helping produce jobs and energy more safely, and spearhead an economic turnaround we haven’t seen in decades?

Home » Opinion » Guest Columns » NM energy key to future


Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

1
Jail needs oversight of an authority, not commissioners
From the newspaper
Experts are needed to make decisions ... Experts are needed to make decisions regarding the MDC
2
Solar cooling an option for our increasingly hot summers
From the newspaper
I went to the Solar Fiesta ... I went to the Solar Fiesta held in Albuquerque at the UNM campus June 24. I got to check out a fleet ...
3
Facing victims, not prison, will change you for better
From the newspaper
I am a student at CNM ... I am a student at CNM majoring in substance abuse counseling, and a member of the "Lived Exper ...
4
New Mexico slips to 50th in child well-being
ABQnews Seeker
New Mexico's ranking in overall child ... New Mexico's ranking in overall child well-being slipped from 49th to 50th, according ...
5
'Courageous conversations' can transform community
Blogs
NMBLC emphasizes cultural vibrancy and positive ... NMBLC emphasizes cultural vibrancy and positive development
6
MLK offramp gone; MVD out of envelopes
ABQnews Seeker
Northbound I-25 MLK exit permanently closed ... Northbound I-25 MLK exit permanently closed starting Monday
7
3 injured in Clovis crash involving state police
From the newspaper
Officer was responding to an active-shooter ... Officer was responding to an active-shooter drill they believed to be real
8
How NM is looking to bring workers back
From the newspaper
Not a one-size-fits-all approach, state leaders ... Not a one-size-fits-all approach, state leaders say
9
Keeping broken, outdated electronics out of landfills conserves resources, ...
From the newspaper
When you think of recycling, you ... When you think of recycling, you likely think of paper, plastic and cans, along with taking glass bo ...