Friday, August 19, 2005

Cabrillo Port "Profiled" in Palisades

The Palisades Post presents a mostly-biased look at the proposed LNG terminal off Oxnard's coast.

BHP Billiton, the world's largest mining company, wants to anchor its "Cabrillo Port" floating terminal an estimated 35 miles due west of the Santa Monica Pier. The company says it can provide the West Coast with vital supplies of clean-burning natural gas, which can be used to generate electricity, power buses and trucks and reduce air pollution.

Opponents have zeroed in on the possibilities of terrorist attack or other failures that would cause massive fireballs and disrupt the state's economy. In addition, federal and state agencies have raised questions about ship collisions, pipelines that cross three active earthquake faults, and tons of smog-producing chemicals that would be introduced into the air by LNG processing.

The BHPB plan is part of a continent-wide race by energy companies to be the West Coast's portal to the lucrative worldwide LNG trade. Potential profits are huge, but industry observers have said they doubt that the market will support more than 10 of the more than 40 LNG terminals proposed for North America.

Never do they look to the core issue in Pacific Palisades--that the LA Department of Water and Power has declared volatility in natural gas prices to be their greatest organizational threat. LNG would solve that...and a true "investigative reporter" would find that much out!