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Judge has ties to oil industry and owns stock in major companies involved in the spill

The disaster in the Gulf of Mexico is still on going with the leaking well pouring thousands and thousands of barrels of crude oil into the waters daily. So far, BP has been unable to stop the flow of crude from leaking into the waters.

The Obama administration had placed a six-month ban on deep-water drilling in the gulf until an investigation could be conducted to determine what caused the explosion on the Deepwater Horizon platform that triggered the massive Gulf oil spill.

A federal judge lifted the ban placed on deep-water drilling in the Gulf yesterday. The judge who lifted with ban is U.S. District Court Judge Martin Feldman. Feldman issued a 22-page order that would allow oil companies to resume to drilling in the Gulf. However, the White House says that it will file an immediate appeal and Interior Secretary Ken Salazar says that it will issue a new order imposing a moratorium on drilling that gives more detail on why the 6-month ban is needed.

Feldman said in his order that there was not enough justification in the drilling ban to justify the action taken by Obama and the White House. Feldman wrote, "A blanket moratorium, with no parameters seems to assume that because one rig failed and although no one yet fully knows why, all companies and rigs drilling new wells over 500 feet also universally present an imminent danger."

Feldman also wrote, "If some drilling-equipment parts are flawed, is it rational to say all are? Are all airplanes a danger because one was? All oil tankers like Exxon Valdez? All trains? All mines? That sort of thinking seems heavy-handed, and rather overbearing."

The 
Associated Press has noted that Feldman has ties to the oil industry and as recently as 2008, he owned stock in several oil companies. AP reports that Feldman listed in 2008 that he owned less than $15,000 in stock in Transocean Ltd. Transocean is the company that owns the Deepwater Horizon platform.

While some suggest that Feldman is biased because of his ties to the oil industry, at least one expert sees no signs of bias in the ruling. Tim Howards, a law professor at Northeastern University said, "There's been some concern that he is biased toward the industry, but I don't see it in this opinion. They [the White House] overreacted and just shut an industry down, rather than focusing on where the problems are."

However, Josh Reichert, managing director of Pew Environment Group said, "If Judge Feldman has any investments in oil and gas operators in the Gulf, it represents a flagrant conflict of interest."

Even though the ruling by Feldman would allow drilling to restart in the gulf, some major oil companies are holding off knowing an appeal is coming soon. Shell and Marathon are waiting to see what happens with the appeal before getting back to drilling.



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RE: actually..
By BriteLite on 6/23/2010 12:34:45 PM , Rating: 4
Excellent point.
By George I think you are on to something here.

Air France had a massive number of Concorde's I think nearly what? 3800? No perhaps not that many maybe 100? No that's not right either maybe they had 20?

No still not right...

They had 5...

5...

Do you think the statistical sampling is a bit different between the two?

There are 3800 wells... running well for decades and this one event... you want to "Seize" their operations? Are you mad? Or do you actually believe this drivel? Good grief man, with that way of thinking how in the world could anything EVER be made to run at profit? Or are you also against profit as well? Come on... admit it, you'd like to limit the profit oil companies can make because it's evil right? Be honest...


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