07/14/2015
https://congress.gov...
"A dollar reduction in the price of oil reduces New Mexico's state revenue from this direct source by $7.5 million."
"And I am also wondering whether or not that is affecting your analysis on commodity markets just in general in the context of your examination of that rulemaking."
"I am concerned with the oil prices which have dropped more than 50 percent since last June."
"The State of New Mexico receives about $2 billion in direct revenue each year from energy taxes and royalties."