By Daniel Fineren
DOHA | Thu Dec 8, 2011 11:03am EST
(Reuters) - Hackers are bombarding the world's computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through oil supply disruption.
Oil company executives warned that attacks were becoming more frequent and more carefully planned.
"If anybody gets into the area where you can control opening and closing of valves, or release valves, you can imagine what happens," said Ludolf Luehmann, an IT manager at Shell Europe's biggest company .
"It will cost lives and it will cost production, it will cost money, cause fires and cause loss of containment, environmental damage - huge, huge damage," he told the World Petroleum Congress in Doha.
More fear-mongering from Big Oil. Jesus, these threats JUST DON’T EXIST.
Let Mr. Mitnick and Poulson enlighten you. [link]
My friend Mike Huben of Critiques of Libertarianism asks a good question:
Here's a question for economists out there.
Would economics examples be significantly different if we start off understanding that people have a continuous demand for consumables such as food with no elasticity as we approach starvation?
-r0b --a recovering Libertarian.