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BP Gulf Judge Martin Feldman’s Oil Stocks

THE BP oil is still spilling in to the Gulf of Mexio. Obama is looking at matters in Afghanistan. Obama’s sacked General Stanley McChrystal for talking to Rolling Stone magazine before Michelle and the kidzz got their photo montage and cover. But the press is looking at Judge Martin Feldman. Tim Worstall looks too:

The judge who overturned deepwater drilling bans allowing BP to resume oilTransocean and other firms in the industry, it was revealed today.

Yesterday, a Louisiana-based judge Martin Feldman ruled that Barack Obama’s six-month drilling moratorium in the Gulf was unjustified because it assumed that all deepwater drilling was as dangerous as BP’s.

The White House promised an immediate appeal.

Meanwhile environmental groups have said Feldman’s ruling may have to be rescinded because of the possible conflict of interests.

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Posted: 24th, June 2010 | In: Money | Comment | Comments RSS feed:RSS 2.0