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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 MartyLK on 6/23/2010 1:16:26 PM , Rating: -1
Only an idiot...like yourself...ignores reality.

Here's a reality check for you: My president is in office. Where's yours? Probably screwing a goat...

You know he can't get enough of screwing! He did it for 8 years, screwing my America. And look what happened to the land. Economic failure all around. The nation has never been in such a sad state as it was when the maggot left office.

Fortunately, when Mr. Obama was elected...at the howls and cries of all the horrified Repubs...I finally felt a sense of peace and relief about the future...as long as we put the Repubs down and don't ever let them up again.

Oh...by the way...Repubs are clear and plain liars. R. Lim'burger Cheeze Wizard said he would vacate the nation should the health reform bill pass. Um...where is the fat, dopehead, slob right now?
quote:
Nice try but no. A lot of people want Obama's radical socialist agenda to fail. If Obama succeeds in every thing that I have seen him try to push so far, then he will effectively destroy what being an "American" means.


RE: actually..
By Quadrillity on 6/23/2010 1:25:02 PM , Rating: 2
quote:
You know he can't get enough of screwing! He did it for 8 years, screwing my America. And look what happened to the land. Economic failure all around. The nation has never been in such a sad state as it was when the maggot left office.

Name one failed/bad policy that Bush was responsible for. I bet you can't name a single thing.
quote:
Fortunately, when Mr. Obama was elected...at the howls and cries of all the horrified Repubs...I finally felt a sense of peace and relief about the future...as long as we put the Repubs down and don't ever let them up again.

*gulp gulp gulp... aahhhhh! <- the sounds of you drinking kool-aid
quote:
Oh...by the way...Repubs are clear and plain liars. R. Lim'burger Cheeze Wizard said he would vacate the nation should the health reform bill pass. Um...where is the fat, dopehead, slob right now?

I believe he said that if it's not repealed he will leave. Obama set this program up to fully implement AFTER he is already gone so that he can blame someone else for failure.

By the way, since you are new to this, you place the quoted text before the response. Dumbass.


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