Stefan Mileschin

Regional emergency declared

US president Biden is to declare a regional emergency after Russian criminals took out a pipeline that supplies 45 percent of the fuel supplies for the Eastern US in a Ransomware attack.

Friday night's cyberattack is "the most significant, successful attack on energy infrastructure" known to have occurred in the US. More than 5,500 miles of pipeline have been shut down in response to the attack.

Fuel prices are likely to rise 2-3 percent but the impact will be far worse if it goes on for much longer.

Colonial Pipeline said it is working with law enforcement, cyber-security experts and the Department of Energy to restore service. On Sunday evening it said that although its four mainlines remain offline, some smaller lateral lines between terminals and delivery points are now operational.

Apparently, there is a lot of fuel now stranded at refineries in Texas which will be a big problem. A temporary waiver issued by the Department of Transportation enables oil products to be shipped in tankers up to New York, but this would not be anywhere near enough to match the pipeline's capacity.

https://fudzilla.com/news/52836-russ...-fuel-supplies