How might terrorist attacks on oil pipelines and other facilities drive up oil prices?

Anything that disrupts the delivery of oil will cause the prices to go up. Traditionally, if a commodity becomes scarcer, the price rises. Additionally, oil as a commodity is very volatile right now, and any little thing causes price fluctuations.How might terrorist attacks on oil pipelines and other facilities drive up oil prices?
Terrorist attacts on oil pipelines and refineries might halt access to the supply of oil. Since the demand for oil is not going to go down, lower oil supply means higher prices.How might terrorist attacks on oil pipelines and other facilities drive up oil prices?
reduction in supply drives up the price of what already is. extra money for more security.
Anything that interferes with any major oil production will affect world pricing. It doesn't matter if it is a terrorist or weather or whatever.





So pipeline problems or damage, refinery damage or closure, port facility damage etc.





The world is using more oil today than ever before. The third world energy demands are rising every year. With current production capability we are limited in what is available for us to use.





Unless we build new refineries and more storage and soon, we will not be able to handle any interruption of supply for very long.





North America is in a decent position as we have enough local supply that we only rely on about 10% from overseas suppliers. If we ramp up production here and increase refining capability and storage capacity, then we can do away with reliance on any overseas suppliers.





The problem is that everyone pays world pricing so even with that fact we would pay more than current. Hope you don't mind paying over $4.00 a gallon (in Europe they pay near $3.00/litre or near $10/gal).
don't give them any ideas.