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oil industry

Dec 10, 2019

Oil bonanza sustains state budget surplus in New Mexico

State government income is expected to outpace spending obligations by nearly $800 million for the coming fiscal year as New Mexico lawmakers contemplate bigger budgets for public schools, health care and anti-crime initiatives. Economists from three state agencies and the Legislature’s budget office delivered a twice-annual forecast of state revenues to a panel of lawmakers […]

Dec 10, 2019

Oil bonanza sustains state budget surplus in New Mexico

State government income is expected to outpace spending obligations by nearly $800 million for the coming fiscal year as New Mexico lawmakers contemplate bigger budgets for public schools, health care and anti-crime initiatives. Economists from three state agencies and the Legislature’s budget office delivered a twice-annual forecast of state revenues to a panel of lawmakers […]

Nov 13, 2019

World thirst for oil keeps growing, with SUVs a key culprit

The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why. Mounting demand for plastic is another factor. So is increasing plane travel. And the upcoming population boom in cities across Africa and Asia. […]

Nov 13, 2019

World thirst for oil keeps growing, with SUVs a key culprit

The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why. Mounting demand for plastic is another factor. So is increasing plane travel. And the upcoming population boom in cities across Africa and Asia. […]

Sep 9, 2019

Minnesota oil pipeline fight highlights Democratic dilemmas

A divisive fight over the future of a crude-oil pipeline across Minnesota is pinning presidential candidates between environmentalists and trade unions in a 2020 battleground state, testing their campaign promises to ease away from fossil fuels. Progressive candidates Elizabeth Warren and Bernie Sanders have condemned a Canadian company’s plan to replace its old and deteriorating […]

Sep 9, 2019

Minnesota oil pipeline fight highlights Democratic dilemmas

A divisive fight over the future of a crude-oil pipeline across Minnesota is pinning presidential candidates between environmentalists and trade unions in a 2020 battleground state, testing their campaign promises to ease away from fossil fuels. Progressive candidates Elizabeth Warren and Bernie Sanders have condemned a Canadian company’s plan to replace its old and deteriorating […]

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