The U.S. will take all actions necessary – "diplomatic and otherwise" – to deter Iran from disrupting Gulf energy supplies, U.S. Secretary of State Mike Pompeo warned on Sunday.
In a dawn raid Tuesday, two pump stations on Saudi Arabia’s most strategically important pipeline “were attacked by armed drone,” causing a fire that was soon extinguished. Saudi Arabia’s energy minister, Khalid al-Falih, in a statement, called it “terrorism and sabotage.”
A recent report by the U.S. Energy Information Administration shows that domestic energy production has reached a point where the U.S. is producing more oil than Saudi Arabia.
Energy companies are becoming increasingly concerned about the impact of cyber-attacks on their operations, but many are still struggling to get to grips with the risks.
Cybersecurity Threat: Cyber attacks on the energy space could cripple the United States and could even bring about an apocalyptic scenario.
Study: The sharp rise in earthquakes in Oklahoma is likely due to industrial activities in the energy-rich state, such as oil and natural gas production.
By Brett Daniel Shehadey
Special Correspondent for In Homeland Security
The Organization of Petroleum Export Countries (OPEC) increased oil output strategy was a direct retaliatory strike at the massive U.S. oil boom not seen since the 1970s.