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The day-by-day of the global price of oil looks a prize fight starring Sylvester Stallone’s Rocky Balboa… it’s hit! It’s cut, it’s staggered, it’s down! But not out, NO! Oil, like Rocky, is getting back on its feet. $40 a barrel oil, -- break-even or better for some American producers -- is in sight. But will it last? And what does this mean for state revenues for gas and oil dependent New Mexico? Oil economist Janie Chermak of UNM sorts it out in depth.
By KSFRThe day-by-day of the global price of oil looks a prize fight starring Sylvester Stallone’s Rocky Balboa… it’s hit! It’s cut, it’s staggered, it’s down! But not out, NO! Oil, like Rocky, is getting back on its feet. $40 a barrel oil, -- break-even or better for some American producers -- is in sight. But will it last? And what does this mean for state revenues for gas and oil dependent New Mexico? Oil economist Janie Chermak of UNM sorts it out in depth.