Oil And Gas Industry Influence During The 2022 Election Cycle:
So Much Spending, So Much Losing
Once again, the oil and gas industry played an outsized role in the economic fortunes of New Mexico, providing more than a third of the state government’s general fund. So, not surprisingly, this industry continues to be a major source of money in state politics, contributing more than $4.5 million to political campaigns in this state during the 2022 election season.
Despite political rhetoric from all sides about diversifying New Mexico’s economy, the state government continues to be as dependent on oil and gas revenues as ever.
However, in last year’s election, much of the industry’s campaign contributions went to candidates who lost their bids. This is according to a new study by New Mexico Ethics Watch concerning the influence of oil and gas in New Mexico.
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