Readin', writin', oil drillin' on school land

Tight school budgets have New Mexico schools trying to find different ways to raise money. The Carlsbad Municipal School District is doing it by pumping black gold. The district's director of finance said nearly seven acres owned by the district aren't being used, so why not put it to good use by pumping oil? "If it's a resource available to us, and it's not currently being used," Laura Garcia said. "I think the main idea is to utilize what we have." Garcia said with enrollment up by nearly 100 students since 2012, the Carlsbad district needed to find another source of income. She says RSC Resources, L.P., a New Mexico oil drilling company, approached the district with the idea. The company plans to drill for oil on the old Malaga Elementary School property. In return the company promised the District $500 per acre and 20 percent of the profits made on the land...more

Alright, now we are drilling for oil...for the children!