New Mexico energy secretary visits Farmington to begin revising energy plan
Plan is expected to boost economic development in the state
By Chris Roberts The Daily Times
FARMINGTON — The New Mexico Energy Secretary visited Farmington on Wednesday to hear from oil and gas executives on a proposed revision of the state’s energy policy, which has not been substantially changed since 1991.
Dave Martin, secretary of the Energy, Minerals and Natural Resources Department, sat with T. Greg Merrion, president of Merrion Oil and Gas, and others and listened to the concerns and suggestions of local people involved in coal, natural gas, crude oil and energy production. It was the first stop in a tour that will include Hobbs, Santa Fe, Las Cruces and Albuquerque. During those other stops, topics of discussion will include energy efficiency, renewable energy and biofuels.
“All-of-the-above will produce more jobs,” Martin said of including renewable energy. “A lot of these things are going to be region specific.”
Martin said people invited to the Wednesday meeting at San Juan College were “targeted” for their local knowledge of the issues. Media was asked not to attend the actual discussions, so business leaders could speak freely, but when a reporter from The Daily Times showed up at the meeting, he was allowed to sit in. Martin spoke to the press after the meeting. For more of the article use this link–> http://www.daily-times.com/farmington-business/ci_24615895/encana-announces-multi-million-dollar-drilling-plans-2014
What do money markets, antiques, gold, corn, wheat, and stocks in companies like Google or Apple have in common? They’re bought by speculators.
And yet speculators, especially in oil, have become the bogeyman of economics. On tomorrow’s I Spy Radio Show (11-noon, kykn.com), we talk with Dr. Daniel Fine about America’s energy resources and energy policy. What role do speculators have in the price of oil?
And find out why those who think high gas prices might hurt Obama’s re-election may be in for a big surprise.
- Listen live on the radio, Saturdays 11-noon (Pacific time) via 1430-AM in the greater Salem Area (Corvallis to Tigard, Lyons to Grand Ronde)
- Listen live from anywhere in the world via kykn.com (11-noon on Saturdays) via the “listen live” tab up top of web page
- Download the show after it airs. Just go to the Current Show page. The download link becomes active shortly after noon each Saturday.
Dr. Fine writes “Nearly 40 years ago, when the first oil price shock from the Middle East and OPEC disrupted the American economy, North Carolina and Appalachia briefly became an oil and gas frontier. Following geological investigations, Chevron drilled an exploratory well in the Deep River Basin beneath Lee County, N.C. Oil was discovered at 5,000 feet, but it contained excessive paraffin and Chevron plugged the well. and asks the question: Why is North Carolina not yet a site for drilling rigs, mud and service companies? Why is there shale gas exploration and production in the Marcellus Shale in Pennsylvania and West Virginia, and on different rock formations in Arkansas, Texas and in the Rocky Mountains?