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Wednesday, June 23, 2010

An Outbreak of Journalism

When U.S. District Judge Martin Feldman, a Reagan appointee, struck down the Obama administration 6-month moratorium on deep water drilling, I kind of figured that I would hear stories about appeals.

It turns out that the story about his decision is all about the judges investments in a number of energy companies, including Transocean, operator of the ill-fated Deepwater Horizon rig:

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, the company that owned the sunken Deepwater Horizon drilling rig.

………

Feldman's 2008 financial disclosure report — the most recent available — also showed investments in Ocean Energy, a Houston-based company, as well as Quicksilver Resources, Prospect Energy, Peabody Energy, Halliburton, Pengrowth Energy Trust, Atlas Energy Resources, Parker Drilling and others. Halliburton was also involved in the doomed Deepwater Horizon project.
I am stunned.

Not by a judge ruling in a case where the appearance of a conflict of interest is clear, after all, the moratorium might expose both Halliburton and Transocean but rather that someone in the mainstream media actually checked out his disclosure forms, and that it actually is now all over the place.

Props to the MSM.

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