Have your say on the future of petroleum storage in Southern California

  • Port of Long Beach seeking comments on proposed petroleum storage tanks
  • World Oil Terminals applying for permit to construct and operate two new tanks
  • Tanks will have internal floating roofs and new foundations
  • Existing tanks to be leased for storage of marine fuel
  • Virtual and in-person hearings scheduled for public input

The Port of Long Beach is currently seeking public comments on a proposed project to install two additional petroleum storage tanks at a terminal in Southern California. World Oil Terminals has applied for a permit to construct and operate these new tanks, which will have internal floating roofs and new foundations. The plan is to shift the storage of petroleum products from existing tanks to the proposed ones, making the existing tanks available for lease by third-party vendors for storage of marine fuel. The port has scheduled virtual and in-person hearings to gather public input on the project, and written comments will be accepted until December 11th.

Public Companies:
Private Companies: undefined
Key People: Eric Wieser (Reporter), Michael Kelly (Editor)

Factuality Level: 8
Justification: The article provides factual information about the Port of Long Beach seeking comments on a proposed project to install two additional petroleum storage tanks. It includes details about the project, such as the type of tanks, their purpose, and the plan for the existing tanks. The article also mentions the virtual and in-person hearings and the deadline for written comments. The source of the article is clearly stated.

Noise Level: 7
Justification: The article provides relevant information about the Port of Long Beach seeking comments on the environmental impacts of a proposed project. It includes details about the project, such as the construction of two new petroleum storage tanks and the plan to shift storage of petroleum products. However, the article lacks in-depth analysis, scientific rigor, and intellectual honesty. It also does not explore the consequences of the project or provide actionable insights or solutions. Additionally, the article includes unnecessary information about the company operating the Oil Price Information Service, which is not directly relevant to the topic.

Financial Relevance: Yes
Financial Markets Impacted: The installation of two additional petroleum storage tanks at the Port of Long Beach may impact the oil and petroleum industry, as it will provide additional storage capacity for petroleum products. This could potentially affect the supply and demand dynamics of the industry, leading to changes in prices and market conditions for oil and petroleum products. Additionally, the availability of the existing tanks for lease by third-party vendors may create new business opportunities for companies involved in marine fuel storage and blending.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not mention any extreme events or their impacts.