By now anyone following the Gulf Coast disaster had heard that U.S. District Judge Martin Feldman lifted the 6 month moratorium on off shore drilling. Feldman appointed by President Reagan is vested directly to and through funds that invested in 8 petroleum companies included Transocean. Feldman defended his decision by saying “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.” OK on the surface that’s a reasonable argument, but it’s severely flawed. The first problem is the break down at the government level that allowed an unsafe rig operate has not been corrected, and these rigs in deep water Feldman wants to see working again, have not all been thoroughly inspected. But hey why not, whats the chances of a repeat performance right? It’s obvious that Feldman ruled with is pocket-book instead of his common sense. And if Mr Feldman was so concerned about American Jobs then why didn’t he come up with some ruling that would have blocked Bush from signing free trade with China. It’s infuriating to me when people talk about saving the 1.5 million jobs in the oil industry, but none of these people said a peep when Manufacturing lost 10 million jobs in 2 years, where was a judge’s ruling to save those jobs? The biggest problem with this whole situation is that Feldman should have never been allowed to rule in the first place. He is invested with the same people who caused this Disaster, and that’s a severe conflict of interest. And yet he will allow drilling to continue without any assurances this can not happen again. First of all they still don’t know all the details that went into making this disaster. They still do not have a plan to quickly and safely cap and close another blow out. This gusher is going to carry on long into the fall and they are still testing options. So to be perfectly clear on one thing, The Deep water Horizon did not explode due to a force of nature or unforeseen events that are out of our control. The rig exploded because The government, BP, and Transocean were all complacent. Events were set in motion years before this accident happened. These issues need to be addressed before drilling can continue. And there is absolutely no way the companies or the government has had the time needed to make sure every one of these rigs are in compliance. There needs to be a solid operating procedure in place to quickly cap and clean up any future blow outs. And if drilling is being done where it’s virtually impossible to cap, then don’t drill, period. Again Feldman should have excused himself from ruling in the first place. But the fact that his ruling sides with his investments just leads us to question Martin’s integrity.
Judge lifts Drilling Ban