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In Texas, calls to boost U.S. oil production after Russian invasion run into hard realities

Labor shortages, supply chain issues, hesitant financial backers and a frosty relationship with the Biden administration have limited how much Texas oil and gas companies are ramping up production.

A pumpjack operates near a crude oil reserve on March 14, 2022 outside Midland, as rising gas prices begin to affect the Permian Basin.
U.S Rep. Lauren Boebert, R-CO, wears a shawl with "Drill Baby Drill" printed on it as she speaks with House Minority Leader Kevin McCarthy, R-CA, and other Republicans as they wait for U.S. President Joe Biden's State of the Union address in the U.S. Capitol's House Chamber on March 1, 2022 in Washington, D.C.
A roofing crew begins to shingle a home under construction in the new Pavilion Park housing development on March 14, 2022 in north Midland.
Motorists drive down Big Spring Street on March 14, 2022 in Midland.
Motorists drive along Interstate 20 as rising gas prices begin to affect the Permian Basin on March 12, 2022 in Odessa.

Replacing Russian oil?

Former mayor of Midland and President and CEO of the Midland Chamber of Commerce Bobby Burns speaks during a lecture titled “Midland Fuels America” on March 15, 2022 at the Petroleum Museum in Midland.
Motorists drive past the Odessa Spire as its core is lit in the colors of the Ukrainian flag in support of Odessa’s sister city in the Ukraine as the country faces war with Russia on March 16, 2022.

Some investors are less bullish on oil investments

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