This Week In Energy: Low Oil Prices Not The Only Threat To US Energy.
Urgent Note: This week, our analyst Dan Dicker provides key insights into the companies now considered to be the walking dead in the energy space. The debt burdens of these companies make for a bleak outlook, and this information is need-to-know for all investors, so they can spot the trend that is taking these companies down and protect their own investment portfolios accordingly. Dan’s report is a must read for those interested in the bigger picture of the low oil price situation and you can receive it for Free – just click here and start a 30 day free trial to Oilprice Premium.
With the war against the Islamic State (IS) raging in Iraq and Syria, and getting too close to Turkey for comfort, experts in the US are wondering if the next terrorist attack on American soil might target the 182,000 miles of pipelines carrying oil, chemicals and other hazardous liquids, 325,000 miles of bulk natural gas pipelines, and 2.2 million miles of natural gas distribution pipelines.
These millions of miles of critical infrastructure make for easy targets. All it requires is that the digital intruder gets close enough to privately owned pipelines that the government doesn’t have much control over.
As noted earlier this week by Bloomberg, a 2008 attack on Turkey’s portion of the Baku-Tbilisi-Ceyhan (BTC) pipeline is now being viewed as a model for future calamity in the US. The pipeline—majority owned by BP—saw digital intruders inject malicious software into the control network and then tamper with the system to cause an explosion. It’s only now that investigators realize that it was a cyberattack.
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