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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (47061)	12/12/2005 1:07:21 AM
From: Elroy Jetson	Respond to of 110194

The Buncefield Fuel Terminal, between Luton and London on the M-1, is operated by French oil company Total, with Chevron owning a minority stake. There are supposedly 20 tanks, each holding up to 3 million gallons. Terminals are designed with sufficient separation between tanks to resist an explosion in one tank from from immediately involving others. Air should not be placed in a partially empty tank, and leaks should not occur, but there are so many things which can go wrong- which is why facilities like these have buffer zone around them. Even a few hundred thousand gallons of jet fuel or gasoline can make an explosion heard for hundreds of miles. This is why proposed LNG terminals in urban areas without a buffer zone is not a rational idea. Total does not generally place a high premium on safety and investment in new equiptment. It will be interesting to eventually learn what caused the explosion and fire. .