Letters to the Editor: AES, Lent and enforcement of state laws
Don’t be fooled, Hermosa Dear ER: E & B Oil Drilling recently placed full-page ads in this paper touting the benefits of industrializing our coastal areas. Here are some of the more informative “Did you know” things about E & B and their massive oil drilling test project: -DID YOU KNOW that E & B Oil plans to drill 35 oil well sites on 1.2 acres of land, making Hermosa Beach the home of the most densely drilled oil exploration site in the country? -DID YOU KNOW that E&B’s Steve Layton and Francesco Galesi negotiated with our city council to carry a mere $1 million dollars of liability insurance over the 30-year life of the project? This policy is to protect the city residents and government from the extraordinarily high risks associated with oil drilling and exploration. These risks include chemical, electrical, and mechanical fires, intense gas pressure explosions, blowouts with fire (like the one BP had in the Gulf of Mexico), earthquakes, oil spills, truck crashes, falling power lines, lightning, and tsunamis. Any of these events could produce claims in the $200- $500 million dollar range. -DID YOU KNOW that E & B was formed primarily through acquisition of the bankrupt Equinox…
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