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Louisiana Federal Judge Blocks Drilling Moratorium

June 22nd, 2010 06:40 admin Leave a comment Go to comments

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).”

Source: Louisiana Federal Judge Blocks Drilling Moratorium

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