Submitted by Tyler Durden on 10/27/2014 20:02 -0400
Elliott Capital's Paul Singer has previously raised his concerns that "there is one risk that stands way above the rest in terms of the scope of potential damage adjusted for the likelihood of occurrence" - an electromagnetic pulse (EMP). Different initiators of EMP have different pulses and different effects. But the bottom line is that EMP fries electronic devices, including parts of electric grids. In 1859, a particularly strong solar disturbance (the “Carrington Event”) caused disruption to the nascent telegraph network. It happened again with similar disruptions in 1921. Now, as Dr. Lika Guhathakurta discusses, "to bring our modern society to a halt, I don't think we need an event that is as large as a Carrington Event. It could be much smaller, simply because of the connectedness of our power grid and also the entire technological system."
The biggest sunspot on the face of the sun in more than two decades unleashed a major flare on Friday (Oct. 24), the fourth intense solar storm from the active star in less than a week.