Deepwater Drilling Ban by Obama Lifted by U.S. Judge..Tony Hayward can safely go back to the yacht races and Obama to his White Sox Game

By Laurel Brubaker Calkins and Margaret Cronin Fisk

June 22 (Bloomberg) -- A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in U.S. history. Drilling services shares jumped on the news.

Obama temporarily halted all drilling in waters deeper than 500 feet on May 27 to give a presidential commission time to study improvements in the safety of offshore operations. More than a dozen Louisiana offshore service and supply companies sued U.S. regulators to lift the ban. The U.S. said it will appeal the decision.

U.S. District Judge Martin Feldman today granted a preliminary injunction, halting the moratorium. He also “immediately prohibited” the U.S. from enforcing the ban. Government lawyers told Feldman the ban was based on findings in a U.S. report following the sinking of the Deepwater Horizon rig off the Louisiana coast in April.

“The court is unable to divine or fathom a relationship between the findings and the immense scope of the moratorium,” Feldman said in his 22-page decision. “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.”
Link to complete article

Grandpa: U.S. District Judge Martin Feldman will not be nominated for any vacant Supreme Court seats anytime soon.White House Response (shock of schocks):
We will immediately appeal to the 5th Circuit," White House spokesman Robert Gibbs said. "The president strongly believes, as the Department of Interior and the Department of Justice argued yesterday, that continuing to drill at these depths without knowing what happened…potentially puts the safety of those on the rigs and safety of the environment in the gulf at a danger that the president does not believe we can afford right now."

Move over Desperate Housewives, it is now time for Desperate White House....

Desperate White House Summer Season Premier:

 White House endorsed BP's deep well plans,

Judge Martin Feldman bought BP Stock

earlier in the day and Rahm Emanuel

resigns from the Obama Administration to

attend the Joffrey Ballet.