Tuesday, June 22, 2010

Oil Moratorium Lifted, For Now

One minute after I filed the post (below) on the oil industry propaganda machine, Judge Martin Feldman issued a ruling (a day early) lifting the government's moratorium on exploratory well drilling in the Gulf of Mexico.

Press Secretary Robert Gibbs said the government will appeal immediately to quash the temporary restraining order.

Feldman from his bench in New Orleans said the Obama administration failed to prove shutting down all 33 exploratory drilling platforms in the Gulf was necessary for safety reasons just because one failed.

Meanwhile, the publication Mother Jones reported:

According to the most recently available financial disclosure form for District Court Judge Martin Feldman, he had holdings of up to $15,000 in Transocean in 2008. He has also recently owned stock in offshore drilling or oilfield service providers Halliburton, Prospect Energy, Hercules Offshore, Parker Drilling Co., and ATP Oil & Gas.

You can interrupt that anyway you wish. My take is that if the judge, appointed by President Reagan, still owns stock in those companies, particularly Transocean which owned the Deepwater Horizons platform, he should have recused himself from the case.

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