When it comes to energy, U.S. Sen. Roy Blunt says that the federal government has taken the wrong approach for years.
“The refusal to acknowledge that we’re the Saudi Arabia of coal is a big mistake for us,” Blunt, R-Mo., told St. Charles County officials and business people gathered Thursday night at the St. Charles Chamber of Commerce.
Missouri Senator Claire McCaskill is renewing her call to end tax breaks for major US oil companies. Speaking at a gas station in downtown St. Louis Wednesday, the Democrat said the subsidies have done nothing to reduce gas prices across the country.
"I do not think that what we give them now has resulted in any break at the pump," McCaskill said. "I think that is evidenced by the prices that we see around St. Louis and around Missouri in terms of gas prices."
A bill to end the subsidies failed in the Senate last week.
Gov. Jay Nixon is endorsing plans for new oil pipeline that would cut across Missouri.
Nixon said Tuesday that his administration would work to approve whatever permits are necessary for Enbridge (U.S.) Inc. to build a 600-mile pipeline from Flanagan, Ill., to Cushing, Okla. The company is in the early stages of the project but hopes to begin construction in the middle of next year.
A breakthrough in oil cleanup technology allows crews to skim spilled oil off the water's surface at a much faster rate. The new device wasn't developed by Exxon, BP or any of the major oil companies — it's the work of Elastec/American Marine, based in Illinois. And the design won the company a rich award from the X Prize Foundation.
Oil is attracted to plastic. And water is not. That, in essence, is the basis of Elastec's new skimmer.
Democratic Senator Claire McCaskill has drafted a letter to the Federal Trade Commission asking that an investigation be launched into recent allegations of price fixing of gasoline by U.S. oil refiners.
Senator Claire McCaskill of Missouri is co-sponsoring legislation that would end tax breaks for the five largest oil companies in the U.S.
The Democrat-backed measure would cut off Shell, Exxon Mobil, Conoco Philips, BP and Chevron from $2 billion per year in subsidies. McCaskill says the savings would go to pay off the country’s spiraling deficit.