—Ben Ray Luján thinks a Donald Trump nomination will be a boon for Democrats down-ballot.
The congressman, who is also the Democratic Congressional Campaign Committee chair, appeared on CNN’s New Day.
After saying he prays every day that Donald Trump will not be President, he riffed on how it will impact Republicans down-ballot.
“I will say this: Donald Trump has created a lot of optimism for me as a Democrat as well as Democrats across the country with opportunities,” Luján said.
“Donald Trump is bad for the GOP down-ballot,” he continued.
Watch a portion of his appearance below:
.@repbenraylujan: “Donald Trump has created a lot of optimism for me as a Democrat” https://t.co/32lsrM2e5P
— New Day (@NewDay) March 17, 2016
—Get ready for the next oil crash.
New Mexico is already reeling from the low price of oil. Now, those low prices of oil will result in the amount of oil produced in New Mexico going down.
“I suspect a precipitous drop in production is almost inevitable given the decline in drilling activity,” said Scott, a career oilman who heads Lnyx Petroleum Consultants in Hobbs. “You need continuous drilling and completion of new wells to bring more production online. Without that, over the next six months, we’ll see a fairly substantial drop in production.”
Right now, the amount of oil produced is still very high; the horizontal rigs that are currently used are more efficient and last longer than the older versions. However, even they will start to run dry.
There just aren’t any exploratory or new wells going online. This means that when the current wells go dry, there isn’t any new oil to replace it.
Unless oil prices go back up (and that mainly depends on the international market), New Mexico will likely see reduced prices and a reduced amount of oil being produced. Which all means less money.