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Originally Posted by vienna

The main problem is the tendency for Texas-based oil....<O>

Not exactly Texas based, Founded in Mpls, Minnesota where the heart still is; I can't believe he's still at it at age 94! http://trib.com/honor/wwii/they-served-with-honor-st-lt-raymond-plank-ucross/article_06a68d1f-d195-5ae2-afa7-ebf52534efa7.html
https://en.wikipedia.org/wiki/Raymond_Plank

Under Plank’s leadership Apache expanded its oil and gas operations internationally and built the company from its original $250,000 capitalization to a market capitalization of over $30 billion. Plank invented the Master Limited Partnership and made it a personal and company mission to expose corruption at Enron and within the energy merchant trading sector. Plank attended the Blake School in Minneapolis and credits his Latin instructor Noah Foss and other Blake teachers with providing the educational basis and academic discipline necessary for a successful life. Upon graduation from Yale, Plank returned to his hometown of Minneapolis and with two partners formed Northwest Business Service, an accounting, tax and small business advisory firm. Through this enterprise, he became familiar with the types of investments then being offered in oil and gas exploration and production. Recognizing that investors’ interests in this field could be better served through a different concept, Plank and two childhood friends, formed Apache Corporation in 1954 with $250,000 in investor capital. Apache offered its first oil and gas investment program in 1956.

One tough Blake School '39 grad