As the price of crude oil continues to struggle given the global pandemic and reduced demand and overproduction, America’s oil companies are seeking access to government programs to grant them “liquidity” during these “tough times.” They keep saying they’re not asking for a bailout, but if it walks like a duck and quacks like a duck, right?
But wait, if times are so tough, how are these companies spending so much money to try and influence elections in places like New Mexico? Apparently, they can’t even “afford” to abide by decade-old EPA regulations, according to their own spokespeople. National companies like Chevron and big companies in the state like Mack and Yates, along with their lobbyist lackeys, the New Mexico Oil and Gas Association and Power the Future, have amassed over $700,000 in the latest campaign finance reports, and we’re still a week out from early voting starting. To be clear, that’s new money since the last reports, those PACs all have other funds available as well, from previous campaigns.
According to the most recent financial reporting documents filed with the Secretary of State, three big PACs have amassed a huge war chest aimed at pushing their industry-first policies across state government. Oh, and that doesn’t include spending from national Super PACs like Citizens for a United New Mexico which has over $70,000 on hand to spend on just ONE race.