Thursday, January 8, 2015

Falling Oil Prices to Hit NM

New Mexico will take the fifth ranking hit from falling oil prices, according to a report from http://www.marketwatch.com/story/5-states-most-hurt-by-falling-oil-prices-2015-01-08?dist=afterbell.

"New Mexico

There’s nothing enchanting about what will happen to New Mexico thanks to falling oil prices: This state, which will get hurt in terms of economic impact (it will cost them $2.19 billion in 2015, according to MoneyRates) and jobs, lands in the No. 5 spot on this list."

The impact will come in Lea and Eddy counties and with state government revenue. Oil and gas have spent a bunch of years saving New Mexico from itself. Maybe this will get us to grow up. Ummmm, not likely. We can hope, though.

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