Your Survival Guy

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The Hackers Are Only One Part of the Pipeline Problem

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By Everett Collection @ Shutterstock.com

How could a group of hackers on the other side of the world bring down the gasoline supply for most of the Eastern Seaboard of the United States?

As you can see on the map below, there are very few refined product pipelines running up the very populated areas of the East Coast.

Years of environmentalists opposing new pipelines and new refineries and years of Big Labor opposing the repeal of Jones Act shipping restrictions have meant a lack of new supply of petroleum products to the East where they’re needed. If alternatives to the Colonial Pipeline had been allowed to flourish, a shutdown by hackers wouldn’t be so disastrous for America.

All those policies are used by progressives in an effort to keep oil in the ground. See the problem yet?

Action Line: Hopefully you have enough fuel stored to get your family through any pending shortages. If not, you may want to fill up on the way home.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com