NMSU to host conference on energy and economic development

March 3, 2009 by Justin Bannister NMSU News Center

New Mexico State University will host the Energy and Economic Development in New Mexico Conference Thursday, March 19, at NMSU’s Corbett Center Senate Chambers. The event is free and open to the public, but registration is required. For more information or to register, contact energyconference@business.nmsu.edu or visit http://business.nmsu.edu/~energyconference/.

The event’s keynote speaker, former Sen. Pete Domenici, will speak on New Mexico’s energy future. Other speakers will cover topics including energy prices, tax policy, the future of fossil fuels and the economic impact of federal energy expenditures in New Mexico.

The event is part of NMSU’s Arrowhead Center Prosper Project, an effort to study relationships between fossil fuel production, economic development and water in the state. Arrowhead Center’s mission is to promote economic development and student engagement in New Mexico. Last year Arrowhead Center received a three-year, $1.2 million grant for the project from the U.S. Department of Energy’s National Energy Technology Laboratory.

“Energy, economic development and water are the three most important issues facing New Mexico,” said Jim Peach, co-director of Arrowhead Center’s policy analysis unit. “That’s why this conference is important to everyone in the state.”

New Mexico has the third largest reserves of natural gas in the nation. The state is also a large producer of crude oil, coal bed methane and uranium. New Mexico’s per capita income is 20 percent below the national average. Peach believes New Mexico has an opportunity to create wealth and jobs by using its own energy to promote economic development.

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