Dallas Morning News: Texas lawmakers back $3B oil purchase to stabilize global markets, refill strategic U.S. reserve
by Paul Cobler WASHINGTON — A bipartisan group of lawmakers from Texas called Tuesday for a $3 billion federal purchase of oil to replenish the nation’s strategic reserve and prop up an energy sector rattled by a price war and global drop in demand during the coronavirus outbreak. “Without swift action, the coronavirus could have a devastating impact on Texas’ energy producers and…