Bad news for folks in New Mexico that count on oil taxes to feed the state budget. The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said. The plunge in global oil prices has pushed inflation close to or below zero in many countries, helping consumers but wrong-footing central banks. More Here
REPORT: Oil Prices to Stay Low, New Mexico Will Take a Hit
