Drilling ban proposals divide Democrats in U.S. oil states [Reuters]
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Source: Reuters
Drilling ban proposals divide Democrats in U.S. oil states CARLSBAD, New Mexico (Reuters) - In the southeast corner of New Mexico, new houses, hotels and jobs are sprouting like flowers in the desert. Trucks hauling equipment and laborers jam once-barren highways on the way to thousands of oil rigs. The Democrats who control the state’s government have lofty plans for the billions of dollars in projected tax revenues from the drilling industry in the Permian Basin, the world’s biggest oil field, starting with an overhaul of New Mexico’s ailing public education system. The biggest threat to those plans, however, may be the presidential candidates from their own party. The top 10 Democratic contenders have called for ending new drilling leases on federal lands. Two front-runners, Senators Elizabeth Warren and Bernie Sanders, go much further with calls to ban hydraulic fracturing - the technology driving the Permian oil boom - on both federal and private land. Such policies face resistan
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