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What does the sudden effort from the U.S. to drill for Venezuelan oil mean for Texas’ economy and oil industry? For now, not much. Getting American companies to produce Venezuelan oil is going to require “a massive infusion of capital that has to be acquired from willing investors, according to the president of Texas’ Oil and Gas Association, Todd Staples. He says if you consider the circumstances globally, that this is going to be years in the making. Both U.S. and Texas oil companies have been
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