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Baystreet.ca - Saudis Fear Overheating Economy Could Slow Diversification from Oil

Baystreet.ca - Saudis Fear Overheating Economy Could Slow Diversification from Oil
baystreet.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baystreet.ca Daily Mail and Mail on Sunday newspapers.

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Saudis Fear Overheating Economy Could Slow Diversification From Oil

Saudis Fear Overheating Economy Could Slow Diversification From Oil
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

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No. 2 oil-producing US state braces for possible end to income bonanza in New Mexico

A windfall in government income from petroleum production is slowing down but far from over in New Mexico as the nation's No. 2 oil production state grapples with how much it can effectively spend — and how to set aside billions of dollars for the future in case the world's thirst for oil falters. The state is headed for a $3.5 billion general fund surplus for the year running through June 2025, according to a new forecast Monday. New Mexico’s annual state government income has swelled by nearly 50% over the past three years, driven largely by oil an natural gas production in the Permian Basin, the most prolific shale-oil producing region in the country that extends across southeastern New Mexico and portions of western Texas. ....

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