May 3 — The coronavirus shutdown has thrown the U.S. oil industry into a crisis. Demand and prices have cratered. There’s such a glut of oil that companies are running out of places to store it. This week, Texas regulators will consider actually capping how much oil can be pumped. That idea may be hard to imagine. But as Mose Buchele of member station KUT reports, Texas has a long, colorful history of fixing crude prices.
