New Mexico was ranked by Forbes in the bottom six of U. The state’s overall unemployment rate is approximately 6. InNew Mexico added wind power capacity at a faster rate than any other state. The San Juan Basin, located in the Northwestern part of the state, is the single-largest proven natural gas reserve in the U. The Permian Basin is one of the most important areas for the production of light sweet West Texas Intermediate crude oil in the country. New Mexico is home to three U. In addition, there is Fort Bliss, a U. Army proving ground, and the White Sands Missile Range, a missile test range that has served as the primary testing ground for U. There are also large U. These include Sandia National Laboratories and the Los Alamos National Laboratory, two of three facilities in the United States where classified nuclear weapons design work is conducted. The state Department of Tourism reported growth in tourism spending for the past six years. New Mexico has been a favored movie location shooting site since the earliest days theeir motion pictures, especially for westerns. In addition, many U. The Albuquerque research corridor is home to major Thsir.
Trending News
New Mexico, which is home to part of the Permian Basin, recently surpassed Alaska, Oklahoma and California in oil production. By Simon Romero. Moorhead from Loco Hills, population about But they treat us like dirt. Moorhead, 42, may sound more extreme than most. A frenetic oil boom is laying bare this divide, while suddenly lifting one of the poorest states in the country into the top ranks of global oil producers. Normally that might be cause for celebration, but Democrats now in power in New Mexico are coming under fire on two fronts: from oil patch conservatives, for pushing to hike oil royalties and spend the windfall on progressive causes, and from environmentalists on the left, for allowing the oil boom to materialize in the first place. Going further, Democrats sought to assert greater control over the oil industry with proposed legislation to hike oil royalties and ban hydraulic fracturing. New Mexico recently surpassed Alaska, Oklahoma and California in oil production, and is now the third-largest oil-producing state. Michelle Lujan Grisham, a Democrat, is moving fast to use the bonanza. New Mexico increased spending this year on early childhood programs, raised teacher salaries and, in one of the boldest state-led efforts to expand access to higher education, unveiled a plan to use surging oil income to make tuition free at public universities. Conservatives in southeastern New Mexico have reacted with a mixture of resentment and alarm over such plans. Some question why the rest of the state should benefit from their work when their own roads and schools need funds. Veteto, a Republican. At the same time, Ms. Lujan Grisham is facing an outcry from progressives about boosting production of fossil fuels that contribute to global warming. With moderate Democrats now largely in control, the multifaceted debate reflects the rearrangement of political power in what has traditionally been a swing state. The election marked the last time a Republican presidential candidate carried the state. In , Democrats won every statewide office and flipped the congressional seat representing southeastern New Mexico. Stephanie Garcia Richard, a Democrat elected last year as state land commissioner, acknowledged that people in southeastern New Mexico were chafing at her efforts to tighten control over the oil industry. That projected surge has some environmental leaders in the state fuming. The mini Green New Deal, they say, shifts electricity production away from fossil fuels — mainly coal — but does nothing to scale back the oil production that also contributes to climate change. If the state is to develop clean energy sources while also fighting poverty, political leaders need to generate even more revenues from oil, said Jon Goldstein, a former state energy secretary. Goldstein, now with the Environmental Defense Fund. Hobbs, a city in the heart of oil country that straddles the state line with Texas, has daily flights to Houston but none to any cities in New Mexico. Here, it is apparent that at least some of the oil bounty stayed in the state.
New Mexico is located in the southwestern region of the United States. It contains many different types of geography and is not just desert like many people believe. The northern parts of the state are dominated by heavy forests how does new mexico make their money beautiful snow-capped mountains. The east side of the state is dominated by high plains, popular with ranchers, as is the northern part of the state. Tourism, military, and the oil and gas industry are the major industries in New Mexico. In addition to all the national parks and monuments, New Mexico is home to six national forests. New Mexico is also the third largest producer of crude oil and natural gas in the country, which accounts for a large part of the state’s economy. The major industries in New Mexico are not the only reasons why people move. The state provides economic incentives to businesses that operate out of the state. These incentives include tax exemptions and credits, mostly based on job creation. Governments within the state are allowed to provide land and buildings to bring in new industries, especially in the technology and film industry.
Comments
Post a Comment