A NEW ENERGY REPORT COULD MEAN GOOD NEWS FOR NEW MEXICO. THE INTERNATIONAL ENERGY AGENCY SAYS THE U.S. CAN LOOK FORWARD TO MANY MORE YEARS OF AN UNPRECEDENTED OIL AND GAS BOOM. ROBERT MCENTYRE WITH THE NEW MEXICO OIL AND GAS ASSOCIATION SAYS OUR STATE RANKS 5TH NATIONALLY IN OIL PRODUCTION…AND EIGHTH IN NATURAL GAS PRODUCTION. HE SAYS THOSE NUMBERS HAVE CLIMBED OVER THE PAST SEVERAL YEARS AND WILL SOON MOVE NEW MEXICO UP ON THE LIST.
THE REPORT SAYS BY THE MID 2020’S, THE U.S. SHOULD BECOME THE WORLD’S LARGEST EXPORTER OF NATURAL GAS…AND SOON AFTER THAT THE U.S. WILL BE EXPORTING MORE OIL TO FOREIGN MARKETS THAN IT IMPORTS.
