May 11, 2021
2,172
21
65
3.96%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:58Now PlayingAs the shutdown of a major fuel pipeline entered into its fifth day, efforts are under way by both Colonial Pipeline and the Biden administration to stave off potential fuel shortages, though no widespread disruptions were evident.
The Colonial Pipeline, which delivers about 45% of the fuel consumed on the East Coast, was hit by a cyberattack on Friday.
By Tuesday, more than 1,000 gas stations had run out of gasoline, shortages primarily driven by panic buying.
Speaking at the White House briefing on Tuesday, Secretary of Energy Jennifer Granholm told reporters that a large part of the pipeline resumed operations manually late Monday, and Colonial will be able restart most of its operations by the end of the week.
But she warned, motorists may still feel a crunch because it takes a few days to ramp up operations. “We know that we have gasoline, we just have to get it to the right places,” Granholm said.
Granholm warned gas station owners there will be "no tolerance for price gauging," and urged the public not to hoard gasoline, insisting there is no need.
"As much as there was no cause for, say, hoarding toilet paper at the beginning of the pandemic, there should be no cause for hoarding gasoline, especially in light of the fact that the pipeline should be substantially operational by the end of this week and over the weekend," she said.
The White House said this week that it is monitoring supply in parts of the Southeast and that President Joe Biden had directed federal agencies to bring their resources to bear.
The states most dependent on the pipeline include Alabama, Georgia, Tennessee and the Carolinas, he said.
The attack raised concerns, once again, about the vulnerability of the nation’s critical infrastructure. Ransomware attacks are typically carried out by criminal hackers who scramble data to paralyze their target's networks. Large payments are demanded to decrypt it.
Homeland Security Secretary Alejandro Mayorkas told reporters the threat "is not imminent, it is upon us." And he said it is a "stark example" of what many have been warning "for some time now."
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.