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An analysis by the Center for Public Integrity identifies 20 members of Congress who disclosed owning at least $1,001 worth of shares in BP or Transocean Ltd in their 2008 financial forms. One of the members is Judd Gregg, who had disclosed holding between $15,001 and $50,000 in BP stock -- but he has since sold it off.
"Senator Gregg no longer owns any BP stock," spokeswoman Laena Fallon told OpenSecrets Blog. Fallon did not elaborate on when or why he sold the stock.
So will he now dump his support for offshore drilling?
Washington Post:
The Interior Department exempted BP's calamitous Gulf of Mexico drilling operation from a detailed environmental impact analysis last year...
Now, environmentalists and some key senators are calling for a reassessment of safety requirements for offshore drilling.
Sen. Judd Gregg (R-N.H.), who has supported offshore oil drilling in the past, said, "I suspect you're going to see an entirely different regime once people have a chance to sit back and take a look at how do we anticipate and clean up these potential environmental consequences" from drilling.
We'll see, but I suspect the answer will be reminiscent of the classic Saturday Night Live skit, "Theodoric of York," in which Steve Martin plays a medieval barber practicing superstitious methods like bleeding in the name of science (and I was reminded of by Jonathan Chait today).
After killing yet another patient, Martin's character announces:
Perhaps I've been wrong to blindly follow the medical traditions and superstitions of past centuries. Maybe we barbers should test these assumptions analytically, through experimentation and a "scientific method". Maybe this scientific method could be extended to other fields of learning: the natural sciences, art, architecture, navigation. Perhaps I could lead the way to a new age, an age of rebirth, a Renaissance! [ thinks for a moment] Naaah.
