Tuesday, May 10, 2011

Don’t endanger the economic life of New Mexico

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. Today this critical revenue source is in jeopardy because there is a concerted effort to have the sand dune lizard (Sceloporus arnicolus) listed as an endangered species. This lizard has a very limited habitat. Unfortunately for New Mexico, the habitat is smack-dab in the middle of the oil operations of Southeastern New Mexico...more

State Rep. Dennis Kintigh, in reviewing a UNM report, found the following:
Curiously, the data reveals the population levels for areas with wells in 1997 were higher than the population levels in 1996 for areas where wells were absent. The population increased 2.4 times for the area with wells between 1996 and 1997, yet only increased by only 1.6 times in those areas where wells were absent. I could find no explanation for this glaring contradiction of the advocate’s petition.

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