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Thread: Judge who overturned drilling moratorium reported owning stock in drilling companies

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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Quote Originally Posted by winston53660 View Post
    I inherited some oil investments.
    Well, the whole point is that every company diversifies, so if you are in a stocks portfolio you have money in oil somehow, if you are in mutual funds and not the manager then you have money in oil, if you are the manager the companies you have in the fund have money in oil. You simply have the most direct route.
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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Quote Originally Posted by megaprogman View Post
    Judge who overturned drilling moratorium reported owning stock in drilling companies - Yahoo! News



    I am not a legal expert, but at what point must a judge recuse himself? Ultimately, while I do agree with the judgment made, I am a bit nervous about the objectivity that can be maintained by any judge who has a possible personal reason to make a ruling.
    If a judge ruled in favor of the moratorium and owned stock in windmills, or solar panels. Would he have to recuse himself?

    How much of his own money has Obama invested in green energy? Hmmm???

    Or, is that different?
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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    From the other thread:

    This doesn't really make much sense if you think about it. What do we know? Back in 2008, this guy had a few thousand dollars in a handful of oil company stocks. You're assuming that he still owns those stocks, even though the very next line in your article indicates he may have sold some or all of them. His decision on this issue will have a minuscule effect on the overall value of those stocks. Unless you think he's throwing away his reputation and career for what will amount to (at best) a few hundred dollars, it doesn't make much sense.
    Edit: If you look at the dude's disclosure, he had stated positions in 125 different companies across every industry in the country.
    Last edited by RightinNYC; 06-22-10 at 08:43 PM.
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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Quote Originally Posted by RightinNYC View Post
    From the other thread:



    Edit: If you look at the dude's disclosure, he had stated positions in 125 different companies across every industry in the country.
    I think that makes this a "much to do about nothing" story.
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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Agreed with others on this broad this is a nothing kind of story. All people who invested have some ties to Oil this I agree with.

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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Quote Originally Posted by Redress View Post
    I mentioned this in another thread. My 401k has money in index funds. I therefore own indirectly some oil stocks. Would I have to recuse myself? Is there any evidcne the judges ruling was not based on sound legal precedent?
    Your only a moderator.
    Your never likely to be a Judge, so in your case it is immaterial.

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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Quote Originally Posted by jujuman13 View Post
    Your only a moderator.
    Your never likely to be a Judge, so in your case it is immaterial.
    You're kinda missing the point here...
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Look at all of the apologists coming out to defend this judge.

    There is a clear conflict of interest. His ruling on the moratorium should be voided and reviewed by a different judge who doesn't have a history with the oil companies.

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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Quote Originally Posted by Orion View Post
    Look at all of the apologists coming out to defend this judge.

    There is a clear conflict of interest. His ruling on the moratorium should be voided and reviewed by a different judge who doesn't have a history with the oil companies.
    Nope this is not a clear conflict of interest it depends, if he even knew he had stocks in oil. Look I am a environmentalist myself, and I am not judging this without more prof that it conflicted his thought process. I also doubt that $15,000 is enough to sway a judge to their favor.....
    Last edited by RyrineaHaruno; 06-22-10 at 11:06 PM.

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    Re: Judge who overturned drilling moratorium reported owning stock in drilling compan

    Quote Originally Posted by Orion View Post
    Look at all of the apologists coming out to defend this judge.

    There is a clear conflict of interest. His ruling on the moratorium should be voided and reviewed by a different judge who doesn't have a history with the oil companies.
    Let me get this straight...

    A judge makes on this court would make around $170,000 a year. However, according to you, his decision was swayed by "less than $15,000" invested in an oil company? So, in what will be a multi-billion dollar event, you claim the judge was influenced in a major way in his decision making for the value of around what he makes in one month? (Assuming he even still owns the stock)

    Pretty thin.

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