As it turns out, Judge Feldman has a potential conflict of interest:In an emergency hearing Thursday, U.S. District Judge Martin Feldman denied the government's motion to stay pending appeal "for the same reasons given in [the] Court's June 22, 2010 order granting the plaintiffs' motion for preliminary injunction."
The six-month ban had halted all drilling in more than 500 feet of water and prevented new permits from being issued. (Link)
The federal judge who lifted Obama's six-month drilling moratorium had interests in Transocean and a number of other offshore energy companies, according to financial disclosure forms from 2008.
Martin Feldman, a U.S. District Court Judge for the Eastern District of Louisiana, held energy stocks in Transocean and Halliburton, as well as two of BP's largest U.S. private shareholders -- BlackRock and JP Morgan Chase. The law Feldman overturned would have halted the approval of any new permits and suspended deepwater drilling at 33 existing exploratory wells in the Gulf, four of which are BP rigs.
Judge Feldman, strangely, didn't feel those investments warranted recusing himself from the case, while plenty of his peers in the Gulf Coast have felt otherwise.
Seven of the 12 federal judges of the Eastern District of Louisiana already have cited potential conflicts of interest in bowing out of cases brought by fishermen, charter operators, tourist services and families of those killed in the April 20 explosion of the Deepwater Horizon rig in the Gulf of Mexico. (Link)
The near-term Obama Administration strategy is to issue a new moratorium and wait for the inevitable challenge. That will give the Administration enough time to appeal Judge Feldman's decision.
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