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Russia/Ukraine war puts pressure on governments for more wind, solar
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In recent years, New Mexico has tried to move away from its historical role as an oil and gas hub, and the crisis in Ukraine could have major implications. Russia’s invasion of its neighboring country has caused oil prices to surge. Reilly White, associate professor of finance at the University of New Mexico, said depending on the length of the conflict, it also could put pressure on U.S. producers to ramp up crude-oil production. “The United States right now is the largest oil producer,” White explained. “We have about 20 percent or so of the world’s production.