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Friday News: Misplaced priorities

Friday News: Misplaced priorities
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Colonial Pipeline restarts 5 days after after cyberattack


The largest gasoline pipeline in the U.S. is returning to service, recovering from a cyberattack late Friday that sent pump prices surging and triggered shortages across the Eastern U.S.
The Colonial Pipeline — a critical source of gasoline and diesel for the New York area and the rest of the East Coast — began to resume fuel shipments around 5 p.m. Eastern time Wednesday, the Alpharetta, Georgia-based operating company said in a statement. It’s unclear how long it will take for supplies to come back to normal, though. U.S. Energy Secretary Jennifer Granholm said Tuesday it would take days to fully restore supplies after the restart, and Colonial warned the line may go down again from time to time while it’s in the process of restarting. ....

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Biggest U.S. Gasoline Pipeline Restarts After Cyberatta...


The Colonial Pipeline a critical source of gasoline and diesel for the New York area and the rest of the East Coast began to resume fuel shipments around 5 p.m. Eastern time Wednesday, the Alpharetta, Georgia-based operating company said in a statement. It’s unclear how long it will take for supplies to come back to normal, though. U.S. Energy Secretary Jennifer Granholm said Tuesday it would take days to fully restore supplies after the restart, and Colonial warned the line may go down again from time to time while it’s in the process of restarting.
“Resumption of flows is the start, but the race to logistically replenish retail gas stations is the next step,” said Michael Tran, an analyst at RBC Capital Markets. “The restarting of the Colonial pipeline is the beginning of the end of the crisis, not the end.” ....

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Colonial pipeline restarts after cyberattack but fuel curbs to linger


Colonial pipeline restarts after cyberattack but fuel curbs to linger
By Jill R. Shah and Sheela Tobben on 5/13/2021
(Bloomberg) — The largest gasoline pipeline in the U.S. is returning to service following a cyberattack that took the fuel artery offline for five days, offering hope that fuel shortages in several states will soon come to an end.
Colonial Pipeline Co., operator of a conduit that handles more fuel than Germany consumes, said it began to resume shipments around 5 p.m. Eastern time Wednesday. In an update on Thursday morning, it said deliveries have begun to most of the pipeline’s markets. ....

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Colonial restarts after cyberattack but fuel shortages to linger

Colonial restarts after cyberattack but fuel shortages to linger
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