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The immeasurable effect on the plaintiffs, the local economy, the gulf region, and the critical present day aspect of the availability of domestic energy in this country. the judge's ruling was surprisingly enough applauded by big oil. and judge feldman like many in the gulf region happens to own a large number of stocks in the energy industry. in his 2008 filing, the judge's holdings were indicated as 17 different energy company stocks, including transocean, which built the failed rig, halliburton, which cemented the failed rig, blackrock, and jpmorgan chase. the obama administration's reacti...

Suspend drilling of wells in depths over 500 feet, continued the judge, simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the gulf region, and the critical present day aspect of the availability of domestic energy in this country. the judge's ruling was surprisingly enough applauded by big oil. and judge feldman like many in the gulf region happens to own a large number of stocks in the energy industry. in his 2008 filing, the judge's holdings were indicated as 17 different energy company stocks, including transocean, which built the failed rig, halliburton, w...

Offshore your safety regulations, which is what has been happening. and so to go back to review, to see where the holes are in this safety process is something that i think is necessary. and if it's not fully and completely finished could lead to irreparable harm. because the one thing we don't need is two rigs at the bottom of the gulf of mexico. >> and it is superb to see the secretary of the interior doing something and doing something in a hurry in the wake of that ruling. ed markey of massachusetts, happening to be with us as we try to understand the breaking news. thank you for your insi...

Salazar pointed to indications of inadequate safety precautions by industry on deep water wells. he said he would issue a new document in coming days saying a moratorium is needed. your reaction to that as we get a little more flesh on these bones. >> good. what he clearly has done is fill out the record. so, for example, transocean. this rig which bp was using was a transocean rig, which by the way was registered in the marshall islands. in the marshall islands, transocean then was able to select the company which would then determine whether or not the rig was safe. then, transocean can move...

A way of life dying? >> yeah, sure. you feel for that. it's tragic. it's tragic. but also a way of life in louisiana is oil field, you know. i mean, you can't just -- that's why i say, you know, shutting down the oil field is like kicking a man when he's down. i mean, you can't do that to the rest of the people in the state. >> if you had to -- this may be a dumb question, but if there was a song you were going to sing about what's happening down here now, what one would you pick? >> i recorded a song three or four albums ago called missing you and it was about working on a drilling rig and wo...