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Senate Bill Would Halt All New Fracking Permits In NM
Roswell Talk FM 106.5 ^ | February 17, 2021 | Newsroom

Posted on 02/19/2021 9:46:55 AM PST by CedarDave

A new bill making its way through the New Mexico Statehouse would stop fracking permits from being issued in the state. Senate Bill 149 would enact a four year moratorium on new fracking permits. An industry group says that will lead to the loss of upwards of 2-billion dollars in revenue just in one year. The bill has passed the Senate Conservation Committee on a split 5-4 vote. Bernalillo County Democrats Antoinette Sedillo Lopez and Roybal Cabellero are co-sponsoring the bill.


TOPICS: Business/Economy; Local News
KEYWORDS: fracking; naturalgas; newmexico; oil
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Impact to NM REVENUE (dollars in thousands)
Estimated Revenue Recurring or Nonrecurring Fund Affected
Parenthesis ( ) indicate revenue decreases
FY22 FY23 FY24 FY25 Fund Affected
($699,175.0) ($1,274,115.0) ($1,556,240.0) ($1,784,565.0) Recurring General Fund
($170,825.0) ($292,635.0) ($374,490.0) ($445,695.0) Recurring Severance Tax Bonding Fund
($536,545.0) ($717,430.0) ($852,815.0) ($895,845.0) Recurring Land Grant Permanent Fund (royalty contribution)
($18,095.0) - ($46,920.0) - Recurring General Obligation Bonding Capacity
($226,290.0) ($462,805.0) ($561,330.0) ($640,130.0) Recurring Local Governments
($2,200.0) ($2,200.0) ($2,200.0) ($2,200.0) Recurring NMED Permit Fee Fund
($1,653,130.0) ($2,749,185.0) ($3,393,995.0) ($3,768,435.0) Recurring TOTAL
1 posted on 02/19/2021 9:46:55 AM PST by CedarDave
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To: CedarDave

Enjoy those new “Union” Green Jobs.


2 posted on 02/19/2021 9:48:47 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: LegendHasIt; leapfrog0202; Santa Fe_Conservative; DesertDreamer; OneWingedShark; CougarGA7; ...

NM list PING!

I may not PING for all New Mexico articles. To see New Mexico articles by topic click here: New Mexico Topics

To see NM articles by keyword, click here: New Mexico Keyword

To see the NM Message Page, click here: New Mexico Messages

(The NM list is available on my FR homepage for FR member use; its use in the News Forum should not be for trivial or inconsequential posts. Let me know if you wish to be added or removed from the list.)
(For ABQ Journal articles requiring a subscription, scroll down to the bottom of the page to view the article for free after answering a couple of questions or watching a short video commercial.)

3 posted on 02/19/2021 9:49:06 AM PST by CedarDave (With lockdowns & mandatory business closures, New Mexico is to Texas as E. Germany was to W. Germany)
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To: CedarDave

ya’ll voted for this shiite.

Now, shut up and take it.


4 posted on 02/19/2021 9:53:11 AM PST by Macoozie (Handcuffs and Orange Jumpsuits)
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To: CedarDave

Didn’t NM vote for Biden? Hey NM remember elections have consequences.


5 posted on 02/19/2021 9:53:34 AM PST by antidemoncrat
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To: unixfox

Oil and gas revenue provides over one-third of all state revenue; some say it is higher - about 40 percent.


6 posted on 02/19/2021 9:53:49 AM PST by CedarDave (With lockdowns & mandatory business closures, New Mexico is to Texas as E. Germany was to W. Germany)
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To: Macoozie

The idiot RadDem “progressives” in the ABQ-Santa Fe area voted for Biden, us working class dudes in southern NM all voted for Trump and kicked out the RadDem congressional representative while were at it. Just like rural upstate NY and inland CA, us conservatives are paying the price for the Dem control of the major population centers.


7 posted on 02/19/2021 9:57:49 AM PST by CedarDave (With lockdowns & mandatory business closures, New Mexico is to Texas as E. Germany was to W. Germany)
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To: CedarDave
Link to Senate Bill 149 details and legislative progress:

2021 Regular Session - SB 149
PROHIBIT NEW FRACKING LICENSES

8 posted on 02/19/2021 10:01:03 AM PST by CedarDave (With lockdowns & mandatory business closures, New Mexico is to Texas as E. Germany was to W. Germany)
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To: CedarDave

New Mexico is the prime example of what Pogo the opossum was talking about when he uttered the words, “We have met the enemy and he are us.”


9 posted on 02/19/2021 10:03:21 AM PST by Saltmeat (69)
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To: CedarDave

Energy suicide. Our enemies are laughing their obamas off.


10 posted on 02/19/2021 10:09:18 AM PST by beethovenfan (Mene, Mene, Tekel, Upharsin)
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To: Macoozie

Your comment is ignorant of the political lay of the land. The livelihoods affected by this bill are down in SE. New Mexico which is more conservative than most of Texas and elected NM’s only republican congressman. Notice the bill is sponsored by rats from Bernallilo county which is Albuquerque. It is intended to punish the wrongthink coming from the SE.

On an interesting note most of the public schools in NM are funded through the state using oil and gas taxes. Many of the school districts in the SE part of the state which produce the wealth don’t take state money and pay for their own schools with local taxes.

9 months from now when Albuquerque and Santa Fe public schools are broke and crying your comment will be spot on.


11 posted on 02/19/2021 10:25:14 AM PST by RightOnTheBorder
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To: Saltmeat

Um, they aren’t “us”. They’re Mexican Separatists, the spiritual heirs of Reyes Tijerina.


12 posted on 02/19/2021 10:28:25 AM PST by Regulator (It's Fraud, Jim)
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To: antidemoncrat

Most of the population is in Albuquerque, and add Santa Fe. Both are leftist strongholds. Eastern New Mexico is another matter. Can’t say about the Four Corners area. There is a good amount of energy industry in the Farmington-Bloomfield-Aztec area, but I can’t say how the Navajo Reservation tilts the political equation. The Rez however has a lot of coal industry, which is a big source of jobs - unless Obama shut that down. EPA is not too popular up there after that mine fiasco where FedGov poisoned one of the rivers.


13 posted on 02/19/2021 10:30:35 AM PST by Fred Hayek (Antifa=BLM=RevCom=CPUSA = CCP=Democratic Party )
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To: antidemoncrat
Didn’t NM vote for Biden? Hey NM remember elections have consequences.

According to Dominion, we did. According to many people I've talked too, no.

14 posted on 02/19/2021 10:43:33 AM PST by IYAS9YAS (There are two kinds of people: Those who can extrapolate from incomplete data.)
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To: CedarDave

bkmk


15 posted on 02/19/2021 11:05:50 AM PST by sauropod (#ImpeachMcConnell. #Resist. #NotMyPresident.)
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To: Regulator

Now that’s a name I have not heard mentioned in some time.


16 posted on 02/19/2021 11:23:52 AM PST by Hootowl99
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To: IYAS9YAS

“According to Dominion, we did. According to many people I’ve talked too, no.”

Same story from Pa, Mi, Wis and other states.


17 posted on 02/19/2021 11:43:35 AM PST by antidemoncrat
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To: CedarDave

Just like rural upstate NY and inland CA, us conservatives are paying the price for the Dem control of the major population centers.


I have observed this as well and after the last election I began to wonder is it because urban individual really support the Democrats or is it because it is easier to steal an election in the urban areas?


18 posted on 02/19/2021 11:44:51 AM PST by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: Fred Hayek

“Most of the population is in Albuquerque, and add Santa Fe. Both are leftist strongholds”

Like Texas. Big cities are mostly liberal with Austin leading the pack. A lot of Californians left and moved to the Austin area and now seem to want to make Texas like the $hit hole they left.


19 posted on 02/19/2021 11:47:30 AM PST by antidemoncrat
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To: RightOnTheBorder
Not just Southeast NM. The counties who voted for Trump are shown in Red.


20 posted on 02/19/2021 11:52:39 AM PST by CedarDave (With lockdowns & mandatory business closures, New Mexico is to Texas as E. Germany was to W. Germany)
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