#oil-and-gas-revenue

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#strait-of-hormuz #new-mexico-politics #democratic-party #child-tax-credit #universal-child-care #new-mexico
World politics
fromFortune
12 hours ago

New Mexico is raking in oil profits from Iran War, gaining $59 million for every $1 added to the price of a barrel | Fortune

Oil price surges from Strait of Hormuz bottlenecks are boosting New Mexico revenues, creating political tension over using fossil-fuel windfalls for social programs.
US politics
fromFortune
2 months ago

New Mexico's historic move to give universal child care to parents in the state is paid for by an oil and gas windfall | Fortune

New Mexico enacts universal child care fully covering working families, funded mainly by oil-and-gas revenue and a $10 billion early childhood trust.
fromFast Company
4 months ago

Trump wants to make U.S. oil drilling cheap again, and states are bracing for impact. Here's why

The shift stems from the sweeping law President Donald Trump signed in July that rolls back the minimum federal royalty rate to 12.5%. That rate - the share of production value companies must pay to the government - held steady for a century under the 1920 Mineral Leasing Act. It was raised to 16.7% under the Biden administration in 2022.
US politics
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