{"id":49159,"date":"2026-05-29T11:41:39","date_gmt":"2026-05-29T18:41:39","guid":{"rendered":"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/?p=49159"},"modified":"2026-05-29T11:41:40","modified_gmt":"2026-05-29T18:41:40","slug":"the-budget-and-political-impacts-of-wartime-oil-prices","status":"publish","type":"post","link":"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/the-budget-and-political-impacts-of-wartime-oil-prices\/","title":{"rendered":"The Budget and Political Impacts of Wartime Oil Prices"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>5.29.26 <\/strong>\u2013<strong> <\/strong>The price of oil has skyrocketed this year due to the Trump administration&#8217;s ongoing war in Iran and fraught access to the critical Strait of Hormuz. And while New Mexicans have been feeling the squeeze at the gas station, the state of New Mexico has been quietly reaping millions in new revenue as the nation&#8217;s second highest producer of crude oil. It&#8217;s a difficult puzzle for the primary election&#8217;s crop of Democratic candidates who oppose the war, yet might want to use those wartime profits if elected as governor. Charles Sallee, director of the Legislative Finance Committee, and Trip Jennings, executive director of New Mexico In Depth, join Nash in the studio to break down the monetary and political impacts of the ongoing oil price fluctuations.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Host:<\/strong>\u00a0Nash Jones\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Guests:<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Charles Sallee, Director, Legislative Finance Committee&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trip Jennings, Executive Director, New Mexico In Depth&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For More Information:<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/apnews.com\/article\/new-mexico-strait-hormuz-oil-haaland-bregman-79d4fe226494eb79aca6b4bb92e5c6a0\" target=\"_blank\" rel=\"noreferrer noopener\"><em>New Mexico politicians grapple with oil windfall from Iran war that\u2019s both \u2018awesome\u2019 and awkward<\/em><\/a><em> \u2013 Associated Press<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>5.29.26 \u2013 The price of oil has skyrocketed this year due to the Trump administration&#8217;s ongoing war in Iran and fraught access to the critical Strait of Hormuz. And while New Mexicans have been feeling the squeeze at the gas station, the state of New Mexico has been quietly reaping millions in new revenue as&hellip;<\/p>\n","protected":false},"author":14,"featured_media":49143,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5245],"tags":[],"class_list":["post-49159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nmif-segments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Budget and Political Impacts of Wartime Oil Prices - New Mexico In Focus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/the-budget-and-political-impacts-of-wartime-oil-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Budget and Political Impacts of Wartime Oil Prices - New Mexico In Focus\" \/>\n<meta property=\"og:description\" content=\"5.29.26 \u2013 The price of oil has skyrocketed this year due to the Trump administration&#8217;s ongoing war in Iran and fraught access to the critical Strait of Hormuz. 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