The Industry That Keeps On Giving

December 5, 2019

Fortunately for New Mexicans, empty rhetoric doesn’t stop the energy industry from producing. In fact, the industry is exceeding expectations.

The Associated Press reports:

A revenue tracking report from the Legislature on Tuesday showed state general fund income of $8 billion for the fiscal year that ended June 30. That is $85 million higher than a recent forecast from state economists.

Income for July and August rose $21 million over the same period in 2018, also exceeding forecasts.

These results are thanks to record-breaking oil production and related construction happening in the state, and it’s leading to both job growth and increased wages.

The state has increased salaries at public schools and state agencies and gone on an infrastructure spending spree aimed at deteriorated roadways.

Hopefully, other states take note of the benefits that embracing the energy industry can bring to communities and its people.