It was not that engineers were not aware of the negative environmental impacts of buried oil tanks when their use was widespread, it is just that theses effects were overshadowed by the rapidly growing need for energy in the second half of the twentieth century. Fortunately, we have arrived at a new phase where installations are more responsibly managed, and a great effort is underway to remedy the mistakes of the past.
One of the most common problems affecting individuals and companies these days is leakage from buried oil tanks. This is an untenable situation that causes localized ground and water contamination as well as inefficient operations. If you have an underground oil tank, you should have it assessed for damage, and replace it promptly if there is a problem. Although there will be an associated cost, the alternative of doing nothing is not an option. Here are some things to know about buried oil tanks.
1. If you are the user/owner of an underground tank, it would be wise to take out a buried oil tank insurance policy. This is almost certainly not covered under a normal liability plan. Having this kind of insurance will defray the eventual costs of removal and possible soil remediation. Remember that when it comes to buried oil tanks, it is not a question of if, but when.
2. If you are thinking about buying a property with a buried oil tank, it will be in your interest to apply comprehensive conditions. Be sure to ask for a buried oil tank disclosure. If possible, make removal and remediation a condition of purchase. If this is not an option, ask for funds in an escrow account that is earmarked for these expenses. A remediation specialist can offer suggestions as how best to proceed.
3. Removing buried oil tank cost will vary depending on location, the condition and size of the tank, and other factors. In addition, any leakage will require soil remediation. In many cases, there are funds available from federal and state agencies to help home and business owners with these expenses. In most cases, the owner/operator will need to pay the cost upfront, to be reimbursed at a later date.
4. In most cases, a buried oil tank life expectancy is between 10-20 years. In almost every situation it is best to remove these tanks promptly, before they leak if possible, and replace them with an above ground tank or other solution. Putting off this task will eventually end up costing more.
5. Even if you have an unused oil tank on your property, it is best to remove it. It is impossible to know if a buried tank is stable, and an abandoned tank is the legal responsibility of the property owner, regardless of who installed it or when.
The installing of buried oil tanks was an unfortunate and short-sighted practice that was widespread until recently. Luckily, now is a good time to address the issue as financial assistance is readily available. Moreover, it is always best to quickly address this issue in order to prevent further problems. It is important to use a professional and experienced mediation service like Anco Environmental Services. They are recognized by governmental bodies and can help facilitate the entire project. Give them a call today for more information about oil tank remediation, or to get a no hassle quote.