{"id":1492,"date":"2010-06-24T20:20:43","date_gmt":"2010-06-24T20:20:43","guid":{"rendered":"http:\/\/www.reefrelieffounders.com\/drilling\/?p=1492"},"modified":"2010-06-24T20:22:34","modified_gmt":"2010-06-24T20:22:34","slug":"alternet-shocker-judge-who-blocked-drilling-moratorium-has-massive-holdings-in-energy-companies","status":"publish","type":"post","link":"https:\/\/www.reefrelieffounders.com\/drilling\/2010\/06\/24\/alternet-shocker-judge-who-blocked-drilling-moratorium-has-massive-holdings-in-energy-companies\/","title":{"rendered":"Alternet: Shocker: Judge Who Blocked Drilling Moratorium Has Massive Holdings in Energy Companies"},"content":{"rendered":"

Alternet\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 June 22, 2010
\n\u00a0
\nhttp:\/\/blogs.alternet.org\/speakeasy\/2010\/06\/22\/shocker-judge-who-blocked<\/a>–
\ndrilling-moratoriam-has-massive-holdings-in-energy-companies\/
\n\u00a0\u00a0
\nGreat news: a Louisiana judge has ruled that the government can’t destroy capitalism by temporarily halting offshore drilling while we scramble to figure out why our gulf has been destroyed by offshore drilling (from the New York Times):
\n\u00a0
\nIn a 22-page ruling, Judge Martin L. C. Feldman of Federal District Court issued a preliminary injunction against the enforcement of a May 28 order halting all floating offshore drilling projects in more than 500 feet of water and preventing the government from issuing new permits for such projects.
\n\u00a0
\nThe White House promised to appeal the decision.
\n\u00a0
\nMr. Gibbs said the president “strongly believes that continuing to drill at those depths without knowing what’s happened” in the April 20 explosion on the Deepwater Horizon drilling rig, which killed 11 workers and left a well gushing out of control, “makes no sense” and puts people’s lives at risk.
\n\u00a0
\nThe Obama administration had argued that a six-month suspension of deepwater drilling was necessary so that the government could complete its investigation of the Deepwater Horizon accident, and make sure that other drilling operations on the outer continental shelf were safe.
\n\u00a0
\nBut the order was challenged by a coalition of businesses that provide services and equipment to offshore drilling platforms. The companies sued, asking the judge to declare the moratorium to be invalid and arguing that there was no evidence that existing operations were unsafe.
\n\u00a0
\nNope, none at all.
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\nOh, and here’s a list, compiled by Think Progress, of Judge Feldman’s holdings in various oil-related enterprises:
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\nLike many judges presiding in the Gulf region, Feldman owns lots of energy stocks, including Transocean, Halliburton, and two of BP’s largest U.S. private shareholders – BlackRock (7.1%) and JP Morgan Chase (28.3%). Here’s a list of Feldman’s income in 2008 (amounts listed unless under $1,000):
\n\u00a0
\nBlackRock ($12000- $36000)
\nOcean Energy ($1000 – $2500)
\nNGP Capital Resources ($1000 – $2500)
\nQuicksilver Resources ($5000 – $15000)
\nHercules Offshore ($6000 – $17500)
\nProvident Energy
\nPeabody Energy
\nPenGrowth Energy
\nRPC Inc
\nAtlas Energy Resources
\nParker Drilling
\nTXCO Resources
\nEV Energy Partners
\nRowan Companies
\nBPZ Resources
\nEl Paso Corp
\nKBR Inc
\nChesapeake Energy
\nATP Oil & Gas<\/p>\n

Special thanks to Richard Charter<\/p>\n","protected":false},"excerpt":{"rendered":"

Alternet\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 June 22, 2010 \u00a0 http:\/\/blogs.alternet.org\/speakeasy\/2010\/06\/22\/shocker-judge-who-blocked– drilling-moratoriam-has-massive-holdings-in-energy-companies\/ \u00a0\u00a0 Great news: a Louisiana judge has ruled that the government can’t destroy capitalism by temporarily halting offshore drilling while we scramble to figure out why our gulf has been destroyed by offshore drilling (from the New York Times): \u00a0 In a 22-page ruling, Judge Martin L. C. … Continue reading Alternet: Shocker: Judge Who Blocked Drilling Moratorium Has Massive Holdings in Energy Companies<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-1492","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts\/1492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/comments?post=1492"}],"version-history":[{"count":3,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts\/1492\/revisions"}],"predecessor-version":[{"id":1494,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/posts\/1492\/revisions\/1494"}],"wp:attachment":[{"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/media?parent=1492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/categories?post=1492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reefrelieffounders.com\/drilling\/wp-json\/wp\/v2\/tags?post=1492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}