FOR THE FIRST TIME SINCE CRUDE OIL PRICES CRASHED TWO YEARS AGO, NEW MEXICO IS SEEING A DROP IN OIL PRODUCTION.
THE ALBUQUERQUE JOURNAL REPORTS THAT 82 MILLION BARRELS OF OIL WERE PRODUCED IN THE STATE DURING THE FIRST SEVEN MONTHS OF 2016. THAT’S A DROP OF FOUR MILLION BARRELS, OR ALMOST FIVE PERCENT, FROM THE SAME PERIOD LAST YEAR.
