Spring 2009. Retrieved online October 6, 2009 by Staff NMSU Research & Resources
New Mexico State University’s Arrowhead Center is set to tackle three of the biggest issues in the state – energy, jobs and water. The U.S. Department of Energy awarded a three-year, $1.2 million grant to Arrowhead Center to study connections between fossil fuel production, economic development and water in New Mexico.
“We want to see how fossil fuels benefit the state and what can be done to improve that relationship,” said Meghan Starbuck, an assistant professor of economics at NMSU and the energy economist for the project. “When New Mexico provides more energy, it reduces dependence on foreign fuel and creates jobs in the state.”
Starbuck said 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. She said New Mexico has an opportunity to create wealth and jobs by using its own energy better rather than importing it from other countries.
“New Mexico is rich in natural resources and home of major technological advances over the last century, yet we have a per capita income that’s 20 percent below the national average,” said Jim Peach, co-director of Arrowhead’s policy analysis unit and the energy project’s principal investigator. “The question is, can we do anything about that.”
Students in the newly created Doctor of Economic Development program, a joint effort between the NMSU College of Business and College of Agriculture and Home Economics, will work with Starbuck and Peach on the project. The hope is to create a centralized location for information to be used by energy companies, environmental entities and state agencies when formulating policy.