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Colonial Pipeline Pays Hackers in Cryptocurrency Worth $5 Million to Restore Its System, But It Does Not Help

13 May 2021, 09:05 pm (Photo : (Photo by Sean Rayford/Getty Images)) An out of service bag covers a pump handle at a gas station May 12, 2021 in Fayetteville, North Carolina. Most stations in the area along I-95 are without fuel following the Colonial Pipeline hack. The 5,500 mile long pipeline delivers a large percentage of fuel on the East Coast from Texas up to New York. Colonial Pipeline paid the ransomware hackers 75 bitcoin or $5 million to restore its billing system and start pumping fuel to retailers again, sources close to the situation said. But the tool given by the hackers after the payment did not work properly

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The East Coast Pipeline Shutdown and Price Gouging | Alston & Bird

To embed, copy and paste the code into your website or blog: Price gouging is back in the news, this time as Americans rush to buy gasoline after a major East Coast pipeline is temporarily shut down. Our Antitrust Team provides lessons for how companies can handle price gouging, from avoiding becoming victims of vendors to their own compliance with individual state laws. An overview of price-gouging laws How the current “crisis” is affecting businesses Lessons to be learned The recent ransomware attack on a major East Coast pipeline on May 7 has triggered fuel shortages and increased retail gasoline prices in many areas of the country. As often happens in such situations, these events have been accompanied by claims of retail price gouging. In response, the governors of Georgia, Virginia, North Carolina, and South Carolina have declared states of emergency and enacted executive orders triggering statewide prohibitions on price gouging for gasoline. This begs the questions of

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FOXNEWS America Reports With John Roberts Sandra Smith May 13, 2021 17:51:30

FOXNEWS America Reports With John Roberts Sandra Smith May 13, 2021 17:51:30
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Some States Declare Emergencies Over Gas Shortage (VIDEO)

May 11, 2021 SHOW TRANSCRIPT Florida, Georgia, Virginia and North Carolina declared states of emergency Tuesday as more than 1,000 gas stations in the Southeast reported running out of fuel. Analysts say drivers are panic-buying gas after Colonial Pipeline, which delivers about 45% of the fuel consumed on the East Coast, was shut down by a cyberattack. President Biden has called on federal agencies to quickly ship in fuel and officials say there s no reason to panic or to rush out and buy gas. A large part of Colonial Pipeline resumed operations manually on Monday, and its operator said most operations should restart by the end of this week.

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Will the far-left use the pipeline cyber attack chaos to NATIONALIZE oil & gas?

Do you know where your water comes from? Renowned historian and conservative commentator Victor Davis Hanson gets his water from a well on his family farm. He pumps it himself. And he believes that s what more Americans need to be grounded and stop taking so much for granted. Hanson joins Glenn to point out that this needs to happen soon, because as he describes in his new article, The 10 Radical New Rules That Are Changing America, things are getting . bleak. The Left is subverting the Constitution more every day. The value of the dollar is dropping. The media has fused with the radical Left. Corporations, Hollywood, Silicon Valley are all working together to increase their power and their wokeness. And academia isn t any better as a senior fellow at Stanford University s Hoover Institution, Hanson has watched for himself the deterioration of constitutional rights on campus. And as a historian, he knows how all of this usually ends and what we must do to prevent it.

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