Posts Tagged ‘oil drilling moratorium’

Louisiana Judge Deep Into Offshore Oil

June 23, 2010

Louisiana Judge Deep Into Offshore Oil

Federal Judge Martin L.C. Feldman blocked President Obama’s six month moratorium on deep-water oil drilling in the Gulf of Mexico. Judge Feldman knows lots about offshore drilling: he invests in it.

According to his last financial disclosure form, Reagan appointee Martin Feldman owns shares in Deepwater owner/operator Transocean and drilling service providers Parker Drilling and Rowan Companies, Inc. as well as offshore developer ATP Oil & Gas Corporation. During the report period, Judge Feldman cashed in his shares in Deepwater Horizon contractor Halliburton and Hercules Offshore.

“If some drilling equipment parts are flawed, is it rational to say all are?” wrote Judge Feldman. Obviously, the judge has not invested in Cameron International Corp., the company that manufactured the Blowout Prevention Valves on the Deepwater Horizon.