Beware Joe’s inflation tax and other commentary
Thanks to hackers who “seized control of a major pipeline” in the Southeast, thus cutting off gasoline supplies, some motorists saw some gas stations “run dry” — yet there’s really no need for panic, assures Josiah Neeley at Reason. “The Colonial Pipeline hiccup has reminded us just how important our often-invisible infrastructure is to our daily lives,” but “existing gasoline stocks in most places should be sufficient to cover a week or two’s worth of demand, by which point the pipeline should be operational again.” Also noteworthy: “Government restrictions on energy infrastructure such as pipelines” can worsen such problems. But the disruptions we’ve seen, “while annoying, don’t signal an imminent ‘Mad Max’-style future for America.”
