Larry Kudlow Warns 'All Bloody Hell Will Break Loose' If Pipeline Isn't Back Up Soon

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Posted: May 12, 2021 9:00 AM
Larry Kudlow Warns 'All Bloody Hell Will Break Loose' If Pipeline Isn't Back Up Soon

Source: AP Photo/David Goldman

Former White House Economic Advisor Larry Kudlow is warning if the Colonial Pipeline system isn't back up by Friday, "all bloody hell will break loose." 

As a result of a Russian-backed cyberattack on Colonial, gas shortages and long lines are prevalent in nearly two dozen states. In Atlanta, more than half of the gas stations are empty. The same situation is playing out in Charlotte. 

White House Press Secretary Jen Psaki released a new statement about the situation Wednesday morning. President Joe Biden is missing in action. 

"Last night, Homeland Security Advisor Liz Sherwood-Randall and National Economic Council Director Brian Deese convened the inter-agency principals leading the administration’s whole of government response to the Colonial Pipeline incident. The group discussed the latest updates on fuel supply in the affected region, and steps that agencies have taken and are considering to further alleviate the supply shortages," Psaki said. "The Department of Transportation announced last night that they are allowing Alabama, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, North Carolina, Tennessee and Virginia to use Interstate highways in their State to transport overweight loads of gasoline and other fuels, under existing disaster declarations. And, the Environmental Protection Agency issued a second emergency fuel waiver expanding on a waiver that EPA issued yesterday morning for the District of Columbia and areas of Maryland, Pennsylvania and Virginia. The second waiver waives the requirements for low volatility conventional gasoline and Reformulated Gasoline (RFG) for the District of Columbia and areas of Maryland, Pennsylvania and Virginia, and also includes Alabama, Delaware, Georgia, Specific Counties of Florida, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee." 

"DOT’s Maritime Administration concluded their assessment of what assets are available in the Jones Act fleet to carry petroleum products within the Gulf, and from the Gulf up the Eastern Seaboard. The Department of Homeland Security stands ready to review any temporary Jones Act waiver requests from companies that demonstrate there is not sufficient capacity on Jones Act-qualified vessels to carry fuel to the affected region," she continued.