Stuff you need to know, 7.13.22

“New Mexico’s oil and gas revenues are breaking records and complicating budgets”
by Jerry Redfern, Capital & Main, reprinted with permission in NM Political Report
July 12, 2022

Oil and gas revenues added more than $1.7 billion to New Mexico coffers in the first four months of the year — more than in any other four-month period in state history. 

Record-breaking fossil fuel revenue can’t be counted on to repeat, so it can’t be used to create new programs, add permanent jobs or increase pay for state employees across the board. 

Click link above to read free-access article.

“Virgin Galactic selects Aurora Flight Sciences to build new motherships”
by Jeff Foust, Spacenews.com
July 6, 2022

Virgin Galactic has signed an agreement a Boeing subsidiary to build two new aircraft that will be used as launch platforms for its next-generation suborbital spaceplanes.

However, the first plane is not expected to enter service until 2025.

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Diana Tittle
Diana Tittle

Diana Tittle, a member of the board of Sierra County Public-Interest Journalism Project, was the editor of the Sierra County Sun, the Citizen's precursor. A former resident of Truth or Consequences who now lives part-time in northern New Mexico, she spent her 42-year professional career in Cleveland, Ohio, where she worked as a newspaper reporter, magazine writer and editor, book author and publisher and publishing consultant. She is the recipient of a Cleveland Arts Prize for Literature.

Posts: 332

3 Comments

  1. Sierra County must divest itself from any obligation to service the long term revenue bond for this boondoggle! Spacepork has been a drag on our finances from the outset. It was pure fantasy that workers, passengers, media, regulators, or staff at the facility would live and spend in our county rather than Dona Ana. Other than a few “Ricos” in Sierra county, non-one has materially benefited from this so-called investment except officials holders who have enjoyed an ego boost from the outset.

  2. Spaceport/Virgin Galactic was a sole source endeavor with no critical review of the plausibility of success or failure of creating jobs. We need to stop funding this pie in the sky ill thought out project.

  3. Like a person with no self identity, we look outside of ourselves for a savior rather than realizing it is under our feet and flowing past. I am not sure which is worse, the stupidity, arrogance or self righteousness.

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