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GOP Gov. Candidates on Oil, Gas, and Diversifying NM’s Economy

The Albuquerque Journal has published candidate responses to its 14-question survey from the Republicans running to be the next governor of New Mexico. This is the second article in a series analyzing their responses through a Conservative lens.  

QUESTION: New Mexico is highly reliant on the oil and natural gas industries to generate revenue to fund state programs, as evidenced by recent oil boom and bust cycles. What steps should the Legislature take to diversify the state’s economy and revenue base?

Analysis

The answers to this question are a perfect example of how the GOP candidates, while dissimilar in their campaign styles, are consistent about identifying the problems that are holding New Mexico back.

Ronchetti, Dow, and Block all spoke to the big picture problems of taxes and regulations that hurt all business in the state, not just the oil and gas industry. Zanetti’s response is clever, and while more focused on desalination, the combination of natural resources and the brainpower of our two national laboratories should make New Mexico a leader in energy production.

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