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Judge who overturned drilling moratorium reported owning stock in drilling companies

By John Cook
Yahoo! News

The federal judge who overturned Barack Obama’s offshore drilling moratorium reported owning stock in numerous companies involved in the offshore oil industry — including Transocean, which leased the Deepwater Horizon drilling rig to BP prior to its April 20 explosion in the Gulf of Mexico — according to 2008 financial disclosure reports.

U.S. District Judge Martin Feldman issued a preliminary injunction today barring the enforcement of the president’s proposed six-month moratorium on deepwater drilling, arguing that the ban is too broad.

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