In early December, a report from the National Infrastructure Advisory Council (NIAC) raised the possibility that a huge electric failure, the result of a concerted cyberattack or other event, could knock out electric supply in large swathes of the country for an extended period, weeks even months. A failure with consequences which would have been beyond thinkable before the computer age. The report, which comes from an advisory council whose mission is to inform the president, has a weight that a think-tank study, for example, would not have. Here, it is the voice of the energy establishment speaking.
Oil Price 28th Dec 2019 read more »