Illinois Democratic Sen. Dick Durbin (l) signed on to a letter drafted by Missouri Democratic Sen. Claire McCaskill (r) to the Federal Trade Commission. The letter calls for an investigation of U.S. oil refiners in relation to price fixing.
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.