Judge Who Lifted Drilling Ban Has Oil Investments

Self-interest prevails over common sense.


It seems that U.S. District Judge Martin Feldman, the judge who lifted President Obama's six-month deep water oil drilling ban in the Gulf of Mexico, has major investments in the oil and gas industry.  He is also a new member of a secret national security court. A 1983 appointee of President Ronald Reagan, Feldman reported owning less than $15,000 in stock in 2008 in Transocean Ltd., the company that owned the sunken Deepwater Horizon drilling rig. Judge Feldman stated that he lifted the ban because the government "assumed" that because one rig exploded, the others also will, which we don't know to be true. What we do know to be true is that it doesn't make sense to continue drilling when BP and government officials don't know what caused the explosion, or how to stop it. Big money wins again.

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