By Timothy Gardner and Richard Valdmanis (Reuters) - U.S. President Joe Biden's decision to tap the nation's emergency oil stockpiles marks the first .
U.S. President Joe Biden's decision to tap the nation's emergency oil stockpiles marks the first time in two decades that a president has used the reserve to tame energy prices instead of tackle a supply disruption.
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Tristan Abbey Contributor Share on Twitter Tristan Abbey is President of Comarus Analytics LLC. He served as senior policy advisor at the U.S. Senate Committee on Energy and Natural Resources and as director for strategic planning at the National Security Council. No single question bedevils American energy and environmental policy more than nuclear waste. No, […]
Cyberattack exposes lack of required defenses on U.S. pipelines
The shutdown of the biggest U.S. fuel pipeline by a ransomware attack highlights a systemic vulnerability: Pipeline operators have no requirement to implement cyber defenses.
The U.S. government has had robust, compulsory cybersecurity protocols for most of the power grid for about 10 years to prevent debilitating hacks by criminals or state actors.
But the country’s 2.7 million miles (4.3 million km) of oil, natural gas and hazardous liquid pipelines have only voluntary measures, which leaves security up to the individual operators, experts said.
“Simply encouraging pipelines to voluntarily adopt best practices is an inadequate response to the ever-increasing number and sophistication of malevolent cyber actors,” Richard Glick, the chairman of the Federal Energy Regulatory Commission (FERC), said.