Oil workers in New Mexico fear they will lose their jobs and oil companies are rushing to secure drilling permits on federal lands ahead of the presidential election, which could result in Joe Biden winning who has promised to immediately ban new fracking on federal lands. Many of the sweetest spots in the Permian left for drillers to profitably drill at $40 a barrel oil are located on the New Mexico side of the Permian. But most of New Mexico’s oil and gas production takes place on federal land, unlike in Texas. Biden is not banning fracking overall, but he has said that he would move to ban new fracking activities on federal land. Fracking on federal land is just 10 percent of the total U.S. fracking industry, but for New Mexico, it’s much more— 65 percent of the state’s oil and gas production takes place on federal land, […]