Judge Who Struck Down Moratorium Has Owned Transocean Stock

[nmbluesky]

A federal judge in New Orleans on Tuesday sided with the oil industry, striking down the temporary moratorium on new offshore exploration and deepwater drilling the Obama administration imposed last month. That judge, it turns out, has in recent years had interests in Transocean—the world's largest offshore drilling company and the owner of the Deepwater Horizon rig—as well as other energy companies engaged in offshore oil extraction.

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. Feldman was appointed by President Ronald Reagan in 1983.

http://motherjones.com/blue-marble/2010/06/judge-moratorium-case-stock-transocean

He must resigned for not following the law..

[Bobbieo]

1. Anyone wanna bet that Judge Feldman IS NOT a Bush political appointee.

Reread article - so Reagan appointed hum - Same difference.

[Cattledog]

2. Reagan Appointee 1983

[davidpdx]

3. With the conflict of interest he should have stepped aside

This is going to be overturned on appeal.

[vaberella]

4. Of course. Is a moratorium a law? n/t