The article suggests that uncertainty may keep drillers from starting new wells or restarting abandoned wells due to rising oil prices. This comes just four weeks into the U.S. and Israeli invasion of Iran, when oil prices were nearly $40 per barrel higher. However, according to the Baker Hughes rig count, 552 drilling rigs are currently actively searching for oil. This is a 40-count drop from the end of March 2025. The article also mentions the decline in New Mexico oil production in the 1970s, when it was responsible for 117 million barrels of oil, or about 91% to 95% of the state's oil production. Factors such as the American dollar taking off the gold standard in 1971 and OPEC's decision to not send American refiners any more oil led to a quadrupling of prices. Despite this, oil output from southeastern New Mexico increased briefly in 1984.