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REE Webinar | How Wyoming and New Mexico are Diversifying Fossil-Dependent Economies, Sonic AI
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REE Webinar | How Wyoming and New Mexico are Diversifying Fossil-Dependent Economies
REE Webinar
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Apr 16, 2026
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58:21
REE Webinar | How Wyoming and New Mexico are Diversifying Fossil-Dependent Economies
From
REE Webinar
Emily Grubert
(host)
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Executive Summary
Wyoming and New Mexico's economies and state budgets are highly vulnerable due to their heavy reliance on volatile fossil fuel revenues.
Wyoming is exploring economic diversification through advanced nuclear (TerraPower), quantum computing, and non-thermal coal uses, but faces fiscal challenges from a history of cutting taxes during booms without raising them during busts.
New Mexico's primary constraints on growth are an unresponsive housing supply in its urban hubs and significant regional economic disparities that require localized, rather than statewide, development strategies.
Research indicates public support in oil-rich states for progressive tax increases (e.g., on high earners) to address budget shortfalls, offering a politically viable alternative to service cuts or broad-based tax hikes.
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Keep pulling the thread on New Mexico.
Fossil Fuel Dependency and Fiscal Vulnerability
State-Led Economic Diversification
Asymmetric Tax Policy and Public Finance
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