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BUSINESS
February 18, 1990 | SHARON BERNSTEIN
P unctured by its own anchor trying to moor in water just a few feet deeper than its hull, the American Trader bled more than 300,000 gallons of crude oil into the ocean off Huntington Beach, putting at risk the region's $800-million shoreline economy. And with the nation's ears still ringing from other, not long - past, disasters--Exxon Valdez in Alaska and Arthur Kill in New York--debate has raged about what to do. Should tankers be required to have double hulls and bottoms?
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BUSINESS
August 3, 1985 | TOM FURLONG, Times Staff Writer
National Intergroup Inc., in its second major announcement in less than 24 hours, said Friday that it has agreed to buy Houston-based Permian Corp., a large, independent crude oil transportation company, for $172 million. The majority owner of Permian is Wesray Capital Corp., whose chairman and principal shareholder is former U.S. Treasury Secretary William E. Simon. A minority share in Permian is held by the company's employees.
BUSINESS
January 22, 1985
By subtracting from the posted price of crude oil transportation costs from the wellhead to the refinery, Shell is effectively lowering the price it pays for crude. Shell appears to be the first major oil refiner to apply an expanded transportation deduction. A Shell spokesman could not specify how much the deduction would reduce the price its pays for crude oil.
BUSINESS
August 12, 1985
When Leucadia National, a New York-based financial services firm, offered last Monday to acquire National Intergroup for $35 a share, or about $750 million, it imposed one condition: that NII drop its Aug. 2 agreement to acquire Permian Corp., a crude oil transportation company, for $172 million. But in reiterating its offer in a letter, Leucadia now says that it might drop that condition if NII can show that the Permian deal won't "adversely affect" NII.
NEWS
May 12, 1990 | From Times Staff and Wire Reports
The Administration plans to support a bill requiring double hulls on new oil tankers. Transportation Secretary Samuel K. Skinner outlined the new position, which calls for some exemptions. Previously the Administration had opposed double-hull legislation, which was prompted by last year's Alaskan oil spill from the single-hull Exxon Valdez when it ran into a rock ledge. The new proposal would apply to tankers flying the U.S. flag and foreign tankers serving U.S. ports.
CALIFORNIA | LOCAL
February 8, 1991 | BILL BILLITER, TIMES STAFF WRITER
On the first anniversary of the American Trader oil spill, Assemblyman Tom Mays (R-Huntington Beach) announced Thursday that he will sponsor legislation to increase the state's regulation of offshore oil transportation and drilling.
CALIFORNIA | LOCAL
July 15, 1999 | CATHERINE K. ENDERS, TIMES STAFF WRITER
Four bills offered by two Ventura County lawmakers cleared state Senate legislative committees this week. Three of the bills were written by Assemblywoman Hannah-Beth Jackson (D-Santa Barbara) and one was co-authored by state Sen. Jack O'Connell (D-San Luis Obispo). Both legislators represent western Ventura County.
CALIFORNIA | LOCAL
April 2, 1985 | GEORGE RAMOS, Times Staff Writer
Apparently upset over the loss of his job, a Long Beach man allegedly went on a shooting spree near Los Angeles Harbor on Sunday night, killing two men and wounding two others before he was arrested, police said Monday. Arthur Halvorson, 43, of Long Beach was booked on suspicion of murder and attempted murder in the jail ward at County-USC Medical Center, where he was reported in serious condition late Monday.
CALIFORNIA | LOCAL
November 7, 1990 | JOHN PENNER
The City Council this week agreed to accept a $431,653 payment from British Petroleum to cover the city's costs for emergency response and cleanup related to the Feb. 6 oil spill. The agreement, in which British Petroleum acknowledges no responsibility for the disaster, is a full settlement of the city's claim against the oil company.
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