New Mexico study highlights growing dependence on oil sector

SANTA FE, N.M. (AP) — A study commissioned by a coalition of oil and natural gas businesses in New Mexico shows that state and local governments are more reliant than ever before on the industry to pay for basic public services including public education.

The New Mexico Oil and Gas Association announced study results Wednesday that link $5.3 billion in annual state and local government income to the petroleum industry, while association President Leland Gould said the oil industry contributions are great news for teachers, students, healthcare workers and others.

About 200 educators urged elected leaders to help diversify the economy and reduce reliance on the oil in a letter-writing campaign.