There's a conflict of interest in the air.
U.S. District Judge Martin Feldman
, who overturned the Obama administration's six-month offshore drilling moratorium
on deep sea oil drilling yesterday, has investments in several companies related to the oil industry, according to Yahoo! News' John Cook.
Feldman's portfolio includes investments in the following companies:
1. Transocean Ltd.
The offshore drilling contractor which owned the Deepwater Horizon rig.
2. Ocean Energy.
Provides services and equipment like gas flares and floating, production, storage and offloading (FPSO) ship maintenance, to the offshore oil and gas industry.
3. Quicksilver Resources.
A gas and oil exploration and production company based in Fort Worth, Texas.
The world's second largest oilfield services provider, which former Vice President Dick Cheney once ran, provided the failed cement casings on the Deepwater Horizon rig.
5. Pengrowth Energy Trust.
An oil and gas drilling company operating in Canada, with the motto "value creation through the drill bit."
6. Atlas Energy Resources.
Producer of natural gas with more than 9,000 wells and mineral rights to more than one million acres in Pennsylvania, West Virginia, Ohio, New York, Tennessee, Michigan, and Indiana.
7. Parker Drilling.
Provides drilling services to the energy industry and owns 28 onshore rigs in nine countries and 17 offshore rigs, including some in the Gulf of Mexico.
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