New Mexico politicians grapple with oil windfall from Iran war thats both awesome and awkward
RIO RANCHO, N. M. (AP) — The global oil bottleneck in the Strait of Hormuz has generated an enviable — and politically sensitive — financial windfall on the other side of the world in New Mexico, a rare Democratic-dominated state where fossil fuels are a bedrock of progressive social services. New Mexico produces more oil than any other state besides Texas, and the state's revenue from taxes, royalties and lease sales helps cover the cost of college tuition, all school meals, health and...
Read MoreThu, 14 May 2026
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