Tag: boom and bust

From Atomic Bombs to AI Data Center Era: Can New Mexico’s Giant Data Centers Save a Struggling State — or Drain It Dry

From the atomic age to the AI era, New Mexico stands at a crossroads. As Project Jupiter promises billions in investment and high-wage jobs, residents wonder whether the gleaming server farms will finally deliver lasting prosperity or repeat the state’s history of volatile booms and resource strain.

$4 Billion Windfall From Oil and Gas Lease Sale — But They’re Refusing to Spend It. Here’s Why That’s Actually Smart.

New Mexico is choosing to stash its portion of a landmark $4 billion oil lease windfall in dedicated trust funds instead of spending it immediately — a prudent move that could help stabilize the state’s finances for the long term. The decision represents a departure from the state's volatile energy past.