58 percent of federal trial judges in oil-affected states have a stake in oil industry.

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"58 percent of federal trial judges in oil-affected states have a stake in oil industry."

The AP reports that well over half of the federal trial judges in states affected by the BP oil disaster have financial ties to that industry:

Thirty-seven of the 64 active or senior judges in key Gulf Coast districts in Louisiana, Texas, Alabama, Mississippi and Florida have links to oil, gas and related energy industries, including some who own stocks or bonds in BP PLC, Halliburton or Transocean “” and others who regularly list receiving royalties from oil and gas production wells, according to the reports judges must file each year. “¦ [O]ne federal judge in Texas is a member of Houston’s Petroleum Club, an “exclusive, handsome club of, and for, men of the oil industry.”

Industry ties among federal judges are so widespread that they are beginning to endanger the courts’ ability to conduct routine business. Last month, so many members of the right-wing Fifth Circuit were forced to recuse themselves from an appeal against various energy and chemical companies that there weren’t enough untainted judges left to allow the court to hear the case. Nevertheless, Senate conservatives are doing everything in their power to prevent President Obama from appointing new judges who do not share the federal judiciary’s current bias toward industry.

This is another ThinkProgress repost.

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6 Responses to 58 percent of federal trial judges in oil-affected states have a stake in oil industry.

  1. prokaryote says:

    CNN’s Anderson Cooper spoke with a lawyer for survivors of the oil rig explosion. He says BP’s conduct was criminal.
    http://cnn.com/video/?/video/bestoftv/2010/06/08/ac.steve.gordon.intv.cnn

  2. prokaryote says:

    BP shares at lowest level since ’97
    http://www.marketwatch.com/story/bp-shares-drop-to-1997-as-spill-continues-2010-06-09?siteid=yhoof

    Have a look at the BP stock graph …

  3. prokaryote says:

    BP (NYSE:BP) Bankruptcy Fears Heighten As Market Value Drops Below $100 Billion

    Share price of BP (NYSE:BP) continue to plunge, increasing concerns they may end up having to declare bankruptcy to survive the financial and reputation devastation coming from the oil spill in the Gulf of Mexico.

    Other worries from shareholders, which include many pensions and institutional investors which had counted on the success of BP for their own financial success in the years ahead, included cuts in the dividend, and continual loss of value in their holdings in the company.

    Since April 20th, the giant oil company has lost 47 percent of its value, seriously affecting shareholders of many stripes.

    Those watching the situation say liability could reach as high as $40 billion before it’s all over for BP, although that even could be a low estimate based on many unknown factors at this time.

    If it becomes too much, there will be a lot of losers if BP ends up having to declare bankruptcy.
    http://commoditysurge.blogspot.com/2010/06/bp-nysebp-bankruptcy-fears-heighten-as.html

  4. James Newberry says:

    Since the American government is a corporate fascist state, there is no surprise that judicial members (judges) are essentially on the payroll of the fossil materials mining industry. It is the same for coal mining judges in West Virginia.

    Besides, who cares if via trillions of dollars of public subsidies for environmental destruction we are oxidizing buried matter and converting our climate toward a collapsed state, right? Long live fraud and corruption of American Corporate Fascism. Where is my nuclear (atomic fission) bailout bucket?

  5. Mark Shapiro says:

    James,

    It is still worth working on the problem(s).

  6. Dan B says:

    Deeply depressing.

    The bureaucracy is in the pocket when what’s needed is a leap in a new direction, and enough people in powerful positions to recognize that the old ways lead us to the end of democracy and prosperity.

    Clean energy is the economy of the 21st Century. Fossil fuels may be “high-density” but who cares, they’re ancient history?