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Major US pipeline fully operational but shortages bite deep

The US pipeline network shut down by a cyber attack said Thursday it has restarted its entire network and resumed fuel deliveries to all markets, but gas stations up and down the East Coast were still facing shortages after a wave of panic buying.

President Joe Biden hailed the "good news" and urged Americans to remain calm as supplies are restored over the next few days.

Major US pipeline delivering fuel but shortages continue

The major US pipeline network shut down by a cyber attack said Thursday it has resumed fuel deliveries, but gas stations up and down the east coast were still facing shortages after a wave of panic buying.

President Joe Biden hailed the "good news" and urged Americans to remain calm as supplies are restored over the next few days.

While "we'll not feel the effects at the pump immediately," there will be a "return to normalcy beginning this weekend and continuing in the next week," Biden told reporters at the White House.

Why does bitcoin consume 'insane' energy?

Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from bitcoin mining for particular criticism.

"Energy usage trend over past few months is insane," Musk tweeted on Thursday, sharing a chart from the Cambridge Bitcoin Electricity Consumption Index (CBECI), his latest missive in a salvo that's caused bitcoin's price to drop.

Panic buying shuts down US gas stations as pipelines begin to reopen

The major US pipeline network forced offline by a cyber attack began to reopen Wednesday, its operator said, after a five-day shutdown prompted motorists to frantically stock up on gasoline and some gas stations on the US east coast to close.

But Colonial Pipeline warned that it will take "several days" before supplies return to normal.