Tuesday, June 22, 2010

Judge block Gulf offshore drilling moratorium

http://finance.yahoo.com/news/Judge-block-Gulf-offshore-apf-2120468600.html?x=0

Judge Feldman obviously hasn't read any of the oil companies disaster plans, had he done so he would have found out that none of them have one, they all read the same, and BP is proving that it doesn't work.

Feldman says in his ruling that the Interior Department failed to provide adequate reasoning for the moratorium. He says it seems to assume that because one rig failed, all companies and rigs doing deepwater drilling pose an imminent danger