Coming out of the lost decade, New Mexico's piggy bank is overflowing with $66B in oil and gas revenue. Beyond free college and childcare, the state is putting that money to work at home.
transforming the o&g windfall into a net positive will require an unprecedented level of visionary change in leadership....and it doesn't look too good right now. why? sitting on the largest oil reserve in the country is about as close as you can get to absolute power. does it corrupt? absolutely. trending: data center project jupiter in southern NM set to run on fracked gas (2-3 million tons of greenhouse gas emissions per year; more that PNM generates across its entire system right now); predatory venture capital groups are on the verge of buying out our public utilities; the guv seems hell-bent on overriding her own water quality control commission and is pushing the state to allow radioactive fracking waste to be used for irrigation and reforestation among other things in response to what is truly a dire emergency for the fracking industry.....this injection of cash seems just as likely to result in the final hollowing-out of our resources for the short term enrichment of extractive industries as it is to result in anything positive for our future generations.
Fantastic! I am excited for New Mexico’s future. Very informative and a wonderful read.
Maybe we should build some state funded housing and open a few state funded hospitals?
transforming the o&g windfall into a net positive will require an unprecedented level of visionary change in leadership....and it doesn't look too good right now. why? sitting on the largest oil reserve in the country is about as close as you can get to absolute power. does it corrupt? absolutely. trending: data center project jupiter in southern NM set to run on fracked gas (2-3 million tons of greenhouse gas emissions per year; more that PNM generates across its entire system right now); predatory venture capital groups are on the verge of buying out our public utilities; the guv seems hell-bent on overriding her own water quality control commission and is pushing the state to allow radioactive fracking waste to be used for irrigation and reforestation among other things in response to what is truly a dire emergency for the fracking industry.....this injection of cash seems just as likely to result in the final hollowing-out of our resources for the short term enrichment of extractive industries as it is to result in anything positive for our future generations.
sincerely, another concerned Burqueño