As the oil and gas industry continues to grow, some are critical, saying that while it may be good business, it may not be great politics.
Paul Gessing, president of the Rio Grande Foundation, writes in an Errors of Enchantment article that some of the cost-cutting things the oil and gas companies are doing to make more profit are, in the long run, cutting jobs and points out that oil and gas regions of New Mexico are badly outnumbered politically.
"We know NM's oil and gas industry continues to innovate and grow, but they continue to do so efficiently while providing gobs of tax $$. That may be good business, but it's not great politics," Gessing said in a tweet.
Oil and gas generated nearly 40% of the New Mexican budget within any given year through high competition, types of efficiency and cost cutting, Gessing wrote, but with that also comes some downfalls.
Some of those cost-cutting techniques include cutting jobs and trading those workers out for machines that are able to do the jobs people once did. While this does help to save money and is more efficient economically, it is not necessarily good for the job market, he wrote.
Gessing wrote that while cutting workers to be replaced with technology can allow for employees to become better trained with higher pay, and improves safety, it also means less "grunt" work. Gessing also wrote that once oil and gas money is put in the government, it is generally misused with beneficiaries forgetting its provenance.