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Saturday, August 4, 2012

''Solar superstorm could kill millions, cost trillions''

From Reuters


NO POWER FOR A YEAR?

''Replacements might not be available for a year or more, and the cost of damage in the first year after a storm could be as high as $2 trillion, the report said. The most vulnerable areas are the eastern one-third of the country, from the Midwest to the East Coast, and the Northwest, as far east as Montana and Wyoming and as far south as California.

The national grid was built over decades to get energy at the lowest price from where it is generated to where it is used. A solar superstorm has the capacity to bring that network down, the academy's report said.

In a worst-case scenario, commerce would almost instantly cease, he said, noting he was speaking for himself and not the U.S. government. Water and fuel, which depend on electric pumps, would stop flowing in most cities within hours, modern communications would end and mechanized transport would stall.''

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