Posted on Nov 30, 2020
New Mexico promised its students free college. Then oil prices tanked.
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"Widely touted by Gov. Michelle Lujan Grisham, the plan couldn't survive blows from the energy markets, Covid-19 and a reluctant Legislature"
New Mexico promised its students free college. Then oil prices tanked.
Posted from nbcnews.com
College
Oil
Economy
Education
Posted 4 y ago
Responses: 2
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LTC Eugene Chu
This reminds me of Venezuela. While people keep blaming "socialism" for its failed economy, they forget that the South American nation and the US state of New Mexico are struggling due to over focus on oil for government tax revenue
https://www.investopedia.com/ask/answers/032515/how-does-price-oil-affect-venezuelas-economy.asp
https://www.investopedia.com/ask/answers/032515/how-does-price-oil-affect-venezuelas-economy.asp
How does the price of oil affect Venezuela's economy?
Learn how the price of oil has a direct relationship with Venezuela's economy.
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CSM Chuck Stafford
LTC Eugene Chu - Though, clearly the "bright flame" of socialism influenced the moths to make rash decisions. Other oil rich states haven't gone this route.
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