Saturday, June 26, 2010

Judge in oil spill case sells energy stocks

For a portrait in corruption we need go no further than U.S. District Judge Martin Feldman’s blatant backing for more oil drilling immediately…

Feldman struck down government's moratorium on deepwater drilling

U.S. District Judge Martin Feldman’s disclosure report, which covers investments for 2009, shows he owned eight energy-related investments including stock in Exxon Mobil Corp.

However, in an attachment to the report, the judge said he sold his Exxon Mobil stock this June when he was hearing the oil spill case.

In last year's disclosure report, Feldman owned up to 16 energy-related investments.

Among the assets sold was stock in Transocean, the Switzerland-based company that owned the drilling rig operated by BP that is now spewing oil into the Gulf.

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