A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in U.S. history. Shares of drilling services companies jumped on the news.
Obama temporarily halted all drilling in waters deeper than 500 feet on May 27 to give a presidential commission time to study improvements in the safety of offshore operations. More than a dozen Louisiana offshore service and supply companies sued U.S. regulators to lift the ban.
U.S. District Judge Martin Feldman today granted a preliminary injunction, halting the moratorium. Government lawyers told Feldman that ban was based on findings in a U.S. report following the sinking of the Deepwater Horizon rig off the Louisiana coast in April.
“The court is unable to divine or fathom a relationship between the findings and the immense scope of the moratorium,” Feldman said in his 22-page decision. “The blanket moratorium, with no parameters, seems to assume that because one rig failed and although no one yet fully knows why, all companies and rigs drilling new wells over 500 feet also universally present an imminent danger.”
U.S. Will Appeal
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16 comments:
justice prevails!
but i dont know if i could look at a judge named marty (martin)feldman and not call hih I Gor
This seems like stagecraft
The country is rising up to over throw Obama !
I want to buy that man a drink and a crab-cake. Obama is a disaster.
More and more are starting to stand up against our governments stupid decisions.
They better get busy drilling relief wells!! IDIOTS!!!!
Somebody needs to shut down Obama and his circus clowns.
Thank God, hope it sticks!!
YAHOO!
This might slow down his cap n tax scheme !!!
Has this Gulf handicap hurt his golf handicap ?
Isn't this the same checks and balances we've always had? Sounds like a reminder of the reality of our government. It has been you guys living in fatasy world that believe a dictatorship started immediately after republicans lost an election.
Just another example of how incompetent the community organizer is.
5:37: I hope you are right. Regardless of who is in office there should be chacks and balances. The problem is when you have everyone on the same page. Obama has gotten away with pushing the puppet agenda for so long because there has been conservative power in the senate. This is also why you always see the presidential nomination for chief pushed to the far right or left. The nominations for the justice should be a public responsibility as well. Hopefully even those with far leaning tendencies would look at the middle of the road. The absolute worst moments in US history evolved from a liberal biased executive and legislative office. I can't help but feel slightly relaxed to see all of the turmoil in the current political state snapped back into reality by ONE person who will stand up. Now all we need is to get Mr. Feldman to inquire into the legality of an illegal alien as president. Sorry I had to cause an uproar.
Wake up people, it is simple. If the majority owns all branches of government, it is no longer a democracy.
I'd like to roll the judge in oil myself.
"Because one failed we don't know another will."
If he thinks short-term drilling is going to save Louisiana, he'd better think again. Think the animals dying is bad? Wait 'til the people start getting sick.
Oh, wait. They already are.
The 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, according to financial disclosure reports. He's also a new member of a secret national security court.
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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