The New Mexico Oil & Gas Association supports the elimination of the current ban on crude oil exports. Lifting the ban will allow producers of oil in New Mexico the same access to global markets that other producers across the world now enjoy.
Eliminating the ban will strengthen the energy security of the United States and allow for increased employment and tax revenues in New Mexico. New Mexico’s oil and natural gas industry accounts for over a third of the state’s general fund revenues and benefits public schools, higher education, critical infrastructure development, and public health and safety programs.
Eliminating the ban will also benefit energy consumers by placing downward pressure on gasoline prices. Click here to learn more about the benefits of eliminating the current ban on crude oil exports.