NEW MEXICO IS IN A THE OIL GAME AND IT’S ADDING UP. THAT’S ACCORDING TO SENATE FINANCE COMMITTEE CHAIRMAN JOHN ARTHUR SMITH. HE SAYS NEW MEXICO COULD GET MORE THAN A BILLION DOLLARS IN EXTRA TAX DOLLARS NEXT YEAR AS LONG AS THE PRICE OF OIL DOESN’T CHANGE.
CRUDE OIL PRICES DID DROP LESS THAN 50 DOLLARS A BARREL. THAT’S PARTLY BECAUSE OF THE TRADE WAR WITH CHINA. THEN PRICES RALLIED LATE LAST WEEK TO OVER 52 DOLLARS A BARREL. MONEY IS STILL GUSHING INTO STATE COFFERS FROM THE OIL BOOM IN SOUTHEASTERN NEW MEXICO.
