US judge who overturned drilling ban owns oil shares

An American judge who struck out the Obama administration’s six-month ban on deepwater oil drilling in the Gulf of Mexico has extensive investments in the oil and gas industry, according to financial disclosure reports.

US district judge Martin Feldman, from Louisiana, who was appointed by Ronald Reagan, reported holding nearly $15,000 in shares in Transocean, the company that owned the Deepwater Horizon drilling rig responsible for the BP oil spill disaster.