June 22, 2010 Leave a comment
A New Orleans federal judge, one Martin Feldman, has denied President Obama’s moratorium on deep water drilling today. He is quoted as saying: “The court is unable to divine or fathom a relationship between the findings and the immense scope of the moratorium. The blanket moratorium, with no parameters, seems to assume that because one rig failed and although no one yet fully knows why, all companies and rigs drilling new wells over 500 feet also universally present an imminent danger.”
Yes please. The ridiculous nature of the moratorium is laid bare in the article above. For starters, President Obama sidestepped a legally required “industry comment period” that is legally required before such an order. Not only that, all deepwater rigs passed an immediate inspection after the explosion on the Deepwater Horizon oil rig and on two “minor violations” were reported.
Which leaves us pondering the more insidious nature and purpose behind President Obama’s moratorium. One more far out thought that I have is that in order to create more government dependency President Obama was trying to economically cripple several southern states. But maybe that is a little to conspiracy oriented. Any way you want to spin it, it was a move that was poorly thought out ought to not be repeated.