Friday, July 18, 2025

Colonial Pipeline shutdown and looming Line 5 disruption could result in price bump at the pump

A cyberattack that knocked out the main oil pipeline supplying the U.S. Eastern Seaboard and the potential shutdown of a major Canadian conduit could send fuel prices soaring, the Financial Post reports  The outage on the Colonial Pipeline could be exacerbated by a Michigan state order forcing Enbridge Inc.’s Line 5 pipeline — supplying oil to Michigan, Ohio, Ontario and Pennsylvania refineries — to shut down on Wednesday, which could further strain U.S. oil supply. Calgary-based Enbridge has vowed to defy the order and continue shipping oil through the line until forced to close by a court.

 

https://financialpost.com/commodities/energy/two-potential-shutdowns-of-major-fuel-pipelines-this-week-show-fragility-of-north-americas-energy-system

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

U.S. passes first major national crypto legislation

(BBC News) Lawmakers in the US have passed the country's first major national cryptocurrency legislation. It is a major milestone for the once-fringe industry, which has...

U.S. withdraws from WHO pandemic response reforms

(Al Jazeera Media Network) The United States has withdrawn from reforms introduced by the World Health Organization (WHO) last year to enhance the global...