The word is out: Obama's ban will not stand.

Editor's notes: few things are more disheartening than the Federal Government's disgusting treatment of those living on the Gulf Coast. In setting up the 20 billion dollar escrow, Obama has limited BP's annual liabilities to just 5 billion dollars. That point is being completely missed, but first mentioned here, at Midknight Review. In addition to this, there is the mindless decision of the Obama to stop deepwater drilling in the Gulf for AT LEAST six months -- maybe 18 months or more. The average working Joe, someone Obama dislikes philosophically, cannot afford to wait 6 months or more. People can draw "benefits," businesses cannot. The Gulf Coast produces $287 billion worth of revenues each year -- that has come to a screeching halt primarily because of Obama's decision to halt drilling. Understand that BP had accumulated
760 safety violations during the same period of time ExxonMobile had acquired one !! Let's not forget that BP had donated more to Obama than any other candidate in the recent '08 elections, that BP began a green campaign in 2000, positioning itself to benefit from the production of "green" bio fuels and had won the advertising battle with Chevron. But we digress.

Point of this post: there is a good bet that the Obama agenda to use the Gulf Coast disaster as a serious segue into his green agenda has taken a permanent hit -- that today's decision to lift the presidential ban on drilling will stand on appeal. In other words, Obama's ban will NOT be upheld as time goes on. For the sake of those hard working American's in the Gulf, we hope so.

BLOOMERG EXCERPT -- 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.”

Separate Order

“The court cannot substitute its judgment for that of the agency, but the agency must ‘cogently explain why it has exercised its discretion in a given manner,’” Feldman said, citing a previous ruling. “It has not done so.” Feldman in a separate order today “immediately prohibited” the U.S. from enforcing the drilling moratorium, finding the offshore companies would otherwise incur “irreparable harm.” White House press secretary Robert Gibbs told reporters that “continuing to drill at these depths without knowing what happened does not make any sense.”

The U.S. will ask Feldman to stay his ruling pending an appeal, Justice Department attorney Michael Thorp said today at a court hearing in a separate lawsuit challenging the ban. The government didn’t indicate how soon it will request a stay. If Feldman denies the request to halt enforcement of his order, the U.S. could file an emergency application to the U.S. Court of Appeals in New Orleans to stay enforcement, said Anthony Sabino, a law professor at St. John’s University. The appeals court isn’t likely to reinstate the moratorium, said Sabino, an expert in complex federal litigation. READ THE FULL ARTICLE >>>

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