We've previously noted the substantial benefits of local production. The Republic discusses yet another example, this time in New Mexico: "Although the boom isn't expected to last, it's the latest sign of an uptick in New Mexico oil production despite ongoing debate over the state's environmental regulations. Oil production in New Mexico during the just-ended fiscal year had increased by more than 4 percent. *** Every $1 increase in crude oil prices generates $4 million in revenue for state coffers over the course of a year." (Emphasis is ours.)
Useful in a slow economy?