Letters to the Editor: In support of oil and gas in NM

In support of N.M.’s oil and gas industry

Oil and natural gas have long been economic powerhouses in New Mexico. The benefits for the state are clear, as discussed in “Almost $3 billion goes to New Mexico from oil and gas on public land” (Nov. 17). To continue those economic benefits, we need smart policies that support future development.

The United States currently gets 69% of its energy from oil and natural gas and is projected to get almost half of its energy from those sources in 2050. America produces these resources to some of the highest safety and environmental standards in the world, with jobs and economic benefits coming to our communities and businesses.

But policies that stifle American energy could put these benefits at risk.

Just this year the Biden administration has raised fees for oil and natural gas development, canceled planned lease sales and released an offshore leasing proposal with the fewest lease sales in the federal program’s 43-year history.  Taken together, these efforts – and unfortunately, many more – could result in increased reliance on foreign energy.

It is important to enact policies that help ensure long-term energy security and resilience. This includes allowing new oil and natural gas leases on federal lands and passing permitting reform to help kickstart new infrastructure projects.

New Mexico can continue to be an energy leader, with support from smart policies in Santa Fe and Washington.

Holly Hopkins, Washington, D.C.The writer is vice president of upstream policy at the American Petroleum Institute.