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 Judge who overturned moratorium owned Transocean, Halliburton stock[

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Artie60438

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Posts : 9360

PostSubject: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/22/2010, 3:19 pm

If this guy had ruled the other way the wingnuts would be screaming bloody murder about an 'Activist Judge". At the very least this looks like a huge conflict of interest,Imo. He was appointed by Reagan,btw...

Judge who overturned moratorium owned Transocean, Halliburton stock
U.S. District Court Judge Martin L.C. Feldman, who ruled today against the White House's six-month moratorium on deepwater drilling, has owned stock in several companies with operations in the Gulf of Mexico.

According to a financial disclosure report for the 2008 calendar year available on JudicialWatch.org, Feldman owned stock in Transocean and Halliburton. He also received income in dividends from Hercules Offshore, ATP Oil and Gas Corp, Rowan Companies and Parker Drilling Co., which all operate in the Gulf.

Some of those stocks were sold during the reporting period.

Feldman also reported having stake in a number of energy and energy related companies:

KBR Inc
Chesapeake
El Paso Pipeline Partners
El Paso Corp
BPZ Energy
Macquarie Infrastructure
EV Energy Partners
TXCO Resources
Atlas Energy Resources
Pengrowth Energy Trust
Peabody Energy
Prospect Energy
Provident Energy
Ocean Energy
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BigWhiteGuy

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Posts : 689

PostSubject: Re: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/22/2010, 7:20 pm

Artie60438 wrote:
According to a financial disclosure report for the 2008 calendar year available on JudicialWatch.org, Feldman owned stock in Transocean and Halliburton. He also received income in dividends from Hercules Offshore, ATP Oil and Gas Corp, Rowan Companies and Parker Drilling Co., which all operate in the Gulf.
Keyword: owned
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UrRight



Posts : 3993

PostSubject: Re: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/22/2010, 8:27 pm

Between the response, the way things were handled, the turmoil with the oil will go on for 30 years. Florida begging, fishermen starving. the economy going further in decline. Oil will seep eastward along the coasts of the eastern border of the U.S. Think how that will affect that portion.

Greedy corporate donors to politicians. Pure GREED.


The abiggest politicians from POTUS' admiistration are dropping out by the wayside connected to Blago. Obama blew it. He has no clue.

Finally the facts are coming out. 56% disapprove of Obama's handling of the oil spill. Emanuel is leaving and the guy in charge of the stimulas' is leaving. No one has to wonder why...others are leaving because the administration/congress can't bang their heads together to lead the nation.

This is one time I feel we have no POTUS in charge. The worst is yet to come. Take a golf trip, run your yachts, and watch - the eco system is now destroyed for thirty years over greed of politicians.

Did you happen to run into the news where a guy open his oyster and found oil inside? Just the start.

Our country will never be the same as long as these politicians are concerned about greed. We need to pull out of the wars because we're spewing the same enemies on U.S. soil. Close the borders, back up AZ, all states. Instead, POTUS wants to sue what is federal law and baseless that they are racially profiling. You pull me over and I look like I am buzzed, don't have a license/insurance, you sure can ask me if I am a damn citizen....in the first place. Stupid priorities. Makes me think he's dividing the states, ignoring the Constitution and doesn't have the audicity of realizing we are growing terrorists here. We need to pull out of other nations, and guard our USA. Too much to ask since he loves touting the muslims. Sorry, but that is what he is by his own actions. Did you ever notice Hillary never comes close to being as professional as Condalezza Rice? She's just passing her days away and looks so damn haggard, she represents us poorly. I'm personally sick of Chicago politics in the White House and can guarantee you Obama is not qualified and will be out after his term. Hoping he would be impeached for imcompetency before his term is up. He is not a leader, doesn't know squat, and I believe that is why so many are leaving his top staff positions. I think they finally figured out how golf is more important, like Blago - he's no different...greedy.

POTUS doesn't see it that way. What a dumb-azz POTUS we have. I can be using common sense and lead better. It's sickening.

Watch for more to drop out of his administration.

And yes, OWNED. Not now owned. BWG. Thank you.
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Artie60438

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PostSubject: Re: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/22/2010, 8:34 pm

BigWhiteGuy wrote:
Artie60438 wrote:
According to a financial disclosure report for the 2008 calendar year available on JudicialWatch.org, Feldman owned stock in Transocean and Halliburton. He also received income in dividends from Hercules Offshore, ATP Oil and Gas Corp, Rowan Companies and Parker Drilling Co., which all operate in the Gulf.
Keyword: owned
Yes,he ownED them as of the end of 2008. Do you have any evidence that he divested himself from those stocks since then? I'm betting that he didn't.
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Scorpion

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PostSubject: Re: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/23/2010, 12:18 am

Artie60438 wrote:
If this guy had ruled the other way the wingnuts would be screaming bloody murder about an 'Activist Judge". At the very least this looks like a huge conflict of interest,Imo. He was appointed by Reagan,btw...

Judge who overturned moratorium owned Transocean, Halliburton stock
U.S. District Court Judge Martin L.C. Feldman, who ruled today against the White House's six-month moratorium on deepwater drilling, has owned stock in several companies with operations in the Gulf of Mexico.

According to a financial disclosure report for the 2008 calendar year available on JudicialWatch.org, Feldman owned stock in Transocean and Halliburton. He also received income in dividends from Hercules Offshore, ATP Oil and Gas Corp, Rowan Companies and Parker Drilling Co., which all operate in the Gulf.

Some of those stocks were sold during the reporting period.

Feldman also reported having stake in a number of energy and energy related companies:

KBR Inc
Chesapeake
El Paso Pipeline Partners
El Paso Corp
BPZ Energy
Macquarie Infrastructure
EV Energy Partners
TXCO Resources
Atlas Energy Resources
Pengrowth Energy Trust
Peabody Energy
Prospect Energy
Provident Energy
Ocean Energy

I don't know if he still has oil holdings or not, but I doubt that will be an issue, in any case. The moratorium will be back in place shortly.

I read the decision, and it's based entirely on a one page memo that Salazar issued to the Mineral Management Service (MMS). Based solely upon that memo, IMHO, the decision by the judge was correct.

Here is the text of the judge's decision...

http://www.scribd.com/doc/33421810/Text-of-ruling-blocking-Obama-s-6-month-deepwater-drilling-moratorium-in-the-Gulf

The Obama Administration will appeal this, and Salazr is already preparing a case for reimposing the moratorium that's based upon more than a one page memo.

Salazar seeks to reimpose drilling moratorium

Quote :
Salazar said in a statement Tuesday evening that the new order will contain additional information making clear why the six-month drilling pause was necessary in the wake of the Gulf oil spill. The judge in New Orleans who struck down the moratorium earlier in the day complained there wasn't enough justification for it.

Salazar pointed to indications of inadequate safety precautions by industry on deepwater wells. He said he would issue a new order in the coming days showing that a moratorium is needed.

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UrRight



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PostSubject: Re: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/25/2010, 8:06 am

Blew off steam before posting down there.


Last edited by UrRight on 6/25/2010, 8:21 am; edited 2 times in total
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UrRight



Posts : 3993

PostSubject: Re: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/25/2010, 8:20 am

Before blowing off steam, I should have read this first:


http://www.bayoubuzz.com/buzz/latest-buzz/10729-gulf-oil-moratorium-judge-threatened


Judge Faces Death Threats After BP Gulf Oil Drilling Moratorium Ruling .
Thursday, 24 June 2010 12:55 . .Prev1 of 112Next.New Orleans--While many Americans undoubtedly agree with the decision of U.S. District Court Judge Martin Feldman to overturn the Obama administration’s moratorium on deep water drilling, not everyone is happy. In fact, the Judge is now receiving death threats in the aftermath of his bold ruling.

Last night, Feldman served as a celebrity judge at a cooking contest at a school gymnasium in Uptown New Orleans. Due to the threats, Feldman was accompanied by a federal marshal security team.

It is a sad indictment of our society today that a judge with such a sterling record of integrity and service to his country would be subject to such threats. Feldman was appointed to the federal bench by President Reagan in 1983. Today, he is in the eye of a political hurricane unlike anything he has ever experienced.

In issuing his ruling, Feldman said that the moratorium was faulty because there was no “rational connection between the facts found and the choice made.” While there is often debate about the merits of judicial decisions, seldom does the criticism focus on the integrity of the judge. Right after he issued the ruling, Feldman came under attack as a tool of the oil industry. Media outlets reporters noted that the Judge held stock in oil and gas companies and implied that his decision was based on his own personal financial considerations. Such a personal attack is unfair and completely unwarranted, especially for Feldman, a distinguished judge known for his commitment to the law and a jurist who has earned the praise of people throughout the legal community.



Much of the sensational reporting on Feldman’s investments was based on outdated information. The Judge was blasted for owning stock in Transocean, Ltd and Halliburton, two of the major companies involved in the Deepwater Horizon disaster. Feldman owned those stocks in 2008; however, he sold those shares long before issuing his ruling this week. In fact, this updated information will be released in the next report on his stock holdings.

If Feldman held financial interests in any of companies involved in the lawsuit or the Deepwater Horizon rig, he would not have been allowed the take the case. The 5th District Court uses a sophisticated computer system to check whether judges have a conflict of interest in any legal proceeding. This system automatically determines whether a judge needs to be recused from a particular case. In this lawsuit, Feldman was allowed to take the case because he did not own any stock related to the parties involved.

The attack was not based on facts, but it was a character assassination as a way to mitigate the influence of the scathing decision. If anyone should be questioned, it is the Interior Secretary Ken Salazar who disregarded the advice of his own scientific experts in declaring the deep water drilling moratorium. In the wake of the Judge’s ruling, Salazar said he would issue a “refined” moratorium, ask for a stay of the ruling and appeal the decision. Some legal experts predicted the preliminary injunction would lead the government to compromise on the moratorium. In fact, Salazar decided to be confrontational instead of working with business interests in Louisiana to find common ground.

The lawsuit was filed against the Department of Interior by more than a dozen companies involved in offshore drilling operations, led by Hornbeck Offshore Services LLC. Feldman found that the Obama administration did not base the moratorium on solid facts and made a sweeping decision that was not justified. The Judge noted that just because the BP well was beset with problems and resulted in a massive oil spill, there is no reason to believe other wells would have similar problems. "If some drilling equipment parts are flawed, is it rational to say all are? Are all airplanes a danger because one was? All oil tankers like Exxon Valdez? All trains? All mines? That sort of thinking seems heavy-handed, and rather overbearing,” Feldman wrote.

Feldman is right on target with his ruling, which is why a constant stream of people thanked him last night for his decision. The final outcome remains in doubt, but Feldman exposed the faulty reasoning that the Obama administration used in banning deepwater drilling. The suspension of drilling in the 33 wells 500 feet or more below the surface could have a major impact on Louisiana’s economy. According to some estimates, the ban could cost the state of Louisiana 50,000 jobs or more. In a horrible economy, these are good paying jobs that no state can afford to lose.

Jeff Crouere is a native of New Orleans, LA and he is the host of a Louisiana based program, “Ringside Politics,” which airs at 7:30 p.m. Fri. and 10:00 p.m. Sun. on WLAE-TV 32, a PBS station, and 7 till 11 a.m.weekdays on WGSO 990 AM in New Orleans and the Northshore. For more information, visit his web site at www.ringsidepolitics.com. E-mail him at jeff@ringsidepolitics.comThis e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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KarenT



Posts : 1328

PostSubject: Re: Judge who overturned moratorium owned Transocean, Halliburton stock[   6/29/2010, 9:50 am

I have some mutual funds. Have no idea what stocks are in them.
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