Louisiana Federal Judge Blocks Drilling Moratorium

eldavojohn writes "In the ongoing BP debacle, the Obama administration imposed a six-month moratorium on offshore drilling and a halt to 33 exploratory wells going into the Gulf of Mexico. Now a federal judge (in New Orleans, no less) is unsatisfied with the reasons for this and stated, 'An invalid agency decision to suspend drilling of wells in depths of over 500 feet simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy in this country.' The state's governor agrees on the grounds that blocking drilling will cost the state thousands of lucrative jobs." The government quickly vowed to appeal, pointing out that a moratorium on 33 wells is unlikely to have a devastating impact in a region hosting 3,600 active wells. And reader thomst adds this insight on the judge involved in the case: "Yahoo's Newsroom is reporting that the judge who overturned the drilling moratorium holds stock in drilling companies. You can view his financial disclosure forms listing his stock holdings online at Judicial Watch (PDF)."

Comments

Re:So?

[falconwolf]

The US government owns AIG, banks, GM, ad nauseam. It is already on the road to socialism if not communism.

Come on, the government got shares in return for massive investment, and massive loans at under market interest rates, at the agreement of the companies, following relevant laws! If you think this can somehow be compared to forced nationalisation then you need your head examined.

Come on, if you think communism and socialism excludes government investments and needs forced nationalization you are the one who needs their head examined. Even wealthy people supported communists. Armand Hammer, president and CEO of Occidental Petroleum, was a friend of Lenin's. The wiki article say he bragged he was a friend of both Lenin and Ronald Reagan. Throughout the years of the Cold War he could go to the Soviet Union whenever he felt like it. Che Guevara who was well known for his support of the and fighting in Cuban Revolution and communism came from a relatively wealthy Argentinean family.

Falcon