Low oil prices cause disaster to budget
Lena Guidi | January 13The recent drop in international oil prices is threatening to limit the funding UNM receives from the state, University officials warned during Friday’s Board of Regents meeting. When President Bob Frank gave his administrative report to the Regents, he noted that the price of oil per barrel dropped from $92 in August to $49. This is significantly lower than prices were in December at $66 per barrel, when Frank projected a $2.8 million budget deficit for UNM, he said.








