The Energy Report: Colonial Pipeline Pop – Investing.com

The Energy Report: Colonial Pipeline Pop – Investing.com

The cyberattack on the Colonial pipeline was an act of terrorism and a major threat to the U.S. economy, as well as the health and well-being of average Americans. While the cyberattack may have a short-term impact on the price of and prices, assuming they can bring the pipeline back online quickly, we can’t ignore the fact that this attack, along with others like it, is a major national security threat.

This vulnerability in energy infrastructure has to be addressed and not only by the government and energy companies, but by the creators of the software that has so many holes that have to be plugged. 

The attack shut down the country’s largest pipeline that moves oil, gasoline, and diesel from Texas to the Gulf coast and could leave a glut of supply on the Gulf Coast and shortages on the East coast. Though most expect that the pipeline will be online soon, the company is not saying when.