Judge Who Lifted Off Shore Drilling Ban Has Oil Investments

According to the Associate Press Louisiana judge who struck down the Obama administration’s six-month ban on deepwater oil drilling in the Gulf of Mexico has reported extensive investments in the oil and gas industry with companies much like Hagstrom Drilling, according to financial disclosure reports. He’s also a new member of a secret national security court.

This undated photo provided by the office of U.S. District Judge Martin L. C. Feldman, shows Judge Feldman, Feldman struck down the Obama administration’s six-month ban on deepwater oil drilling in the Gulf of Mexico as rash and heavy-handed Tuesday, June 22, 2010, saying the government simply assumed that because one rig exploded, the others pose an imminent danger, too.

U.S. District Judge Martin Feldman, a 1983 appointee of President Ronald Reagan, reported owning less than $15,000 in stock in 2008 in Transocean Ltd., the company that owned the sunken Deepwater Horizon drilling rig.

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