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Someone needs to put the Fightin’ Texas Aggie Band on a bus, drive it to Midland, and have it march through the main dining room of the Petroleum Club to wake everybody up. Oil prices have reached heights unseen since 2014. Not only that, but pumping crude has been transformed in the public eye, practically overnight, from a climate scourge to an act of patriotism in the wake of the Russian invasion of Ukraine. “We have the ability, and frankly an obligation, to support our global allies to help fuel democracy and energy security,” Ed Longanecker, president of the Texas Independent Producers and Royalty Owners Association, told me this week.Yet the Texas oil business slumbers. After President Biden, on Tuesday, announced a ban on importing…
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