Network-based risk assessment of the US crude pipeline infrastructure

Patrick K. Smith, John M. Bennett, Rudy P. Darken, Ted G. Lewis and Michael D. Larrañaga

International Journal of Critical Infrastructures, 2014, vol. 10, issue 1, 67-80

Abstract: The purpose of this project was to assess the nation's US crude oil pipeline network and identify the hubs that would have the greatest financial impact if their operation were disrupted by a terrorist attack, natural disaster, or other catastrophic event. The resilience of the crude oil pipeline network was analysed using the model-based risk analysis (MBRA) software tool developed by the Naval Post Graduate School Center for Homeland Defense and Security. Results identified five critical hubs, with the most critical hub being the Cushing, OK Trading Hub (COTH). A disruption in operation of the COTH or any of the five critical hubs would have far reaching negative consequences, creating long lasting political, psychological, and economic impacts. Based on the results of this assessment, it is recommended that the critical hubs be considered critical national assets and protected as such.

Keywords: crude oil; critical infrastructures; model-based risk assessment; MBRA; network analysis; oil pipelines; homeland security; USA; United States; financial impact; catastrophic events; pipeline networks; infrastructure resilience; nework resilience; resiliency; critical hubs. (search for similar items in EconPapers)
Date: 2014
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