• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 9 days Does Toyota Know Something That We Don’t?
  • 3 days America should go after China but it should be done in a wise way.
  • 9 days World could get rid of Putin and Russia but nobody is bold enough
  • 11 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 hours Even Shell Agrees with Climate Change!
  • 11 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 12 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 12 days Putin and Xi Bet on the Global South
  • 12 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"

Biden Promises $20 Billion In Cybersecurity Funding

The Biden administration will make available $20 billion to bolster cybersecurity defenses at the state, local, and tribal government levels, the White House said in a press release.

“Governors, mayors, and legislators have embraced ambitious energy system modernization goals that have already driven significant private investment into grid upgrades, clean electricity, and U.S. cybersecurity,” the release noted.

The $20 billion will be distributed as energy system modernization grants aimed at supporting “critical infrastructure – additional grid resilience, clean electricity, and cybersecurity efforts – and spur early action by state and local governments that creates a favorable environment for increased private investment, creating jobs, reducing pollution, and boosting security.”

Last week, President Biden signed an executive order for strengthening cybersecurity defenses by enhancing the protection of federal networks and improving information-sharing between the government and the private sector. The order came in the wake of the ransomware attack that shut down the Colonial Pipeline network—the largest pipeline infrastructure in the United States and the conduit for the supply of almost half of gasoline and diesel that the East Coast consumes.

In the release of the executive order, however, the White House noted that the federal government is not the only stakeholders with the means and motivation to strengthen the cybersecurity of various systems.

“Much of our domestic critical infrastructure is owned and operated by the private sector, and those private sector companies make their own determination regarding cybersecurity investments,” the White House said.

“We encourage private sector companies to follow the Federal government’s lead and take ambitious measures to augment and align cybersecurity investments with the goal of minimizing future incidents.”


The 2.5-million-barrel-daily Colonial network was out of commission for less than a week, but the outage still caused widespread shortages of fuels in much of the East Coast as drivers stocked up on gasoline and diesel despite calls from experts to resist panic-buying. Earlier this week, there were more than 10,000 gas stations closed due to fuel shortages. As of the end of the day yesterday, the number had fallen below 10,000 but was still pretty high, according to GasBuddy data.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News