President Joe Biden’s 60-day moratorium on new oil or natural gas leases and drilling permits on federal land is prompting widespread anxiety in New Mexico—one of the nation’s top energy producers—as a broad coalition argues it forces the entire country to be more reliant on foreign energy, while also impeding environmental progress. New Mexico business leaders, Republican figureheads, the oil industry, and workers in the state were quick to voice their opposition to the executive order, saying it would destroy the state’s economy. Some told The Epoch Times the move would force workers to relocate to states like Texas while others worried the freeze would become permanent. Half of New Mexico’s oil and gas production is on federal land and amounts to hundreds of millions of dollars in royalties each year. “It’s going to force us to buy more oil from nations that support terrorism,” Steve Pearce, chairman of the New Mexico Republican …
Widespread Concern in New Mexico as Biden Halts New Oil, Gas Leases
January 26, 2021
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