by Dan Gibson
Don't mind me, I'll just be hiding under my desk, caressing my iPhone and calling it "precious" while simultaneously cursing our giant solar enemy:
The Earth has a roughly 12 percent chance of experiencing an enormous megaflare erupting from the sun in the next decade. This event could potentially cause trillions of dollars’ worth of damage and take up to a decade to recover from.
Such an extreme event is considered to be relatively rare. The last gigantic solar storm, known as the Carrington Event, occurred more than 150 years ago and was the most powerful such event in recorded history....
Auroras may be beautiful, but the charged particles can wreak havoc on electrical systems. At the time of the Carrington Event, telegraph stations caught on fire, their networks experienced major outages and magnetic observatories recorded disturbances in the Earth’s field that were literally off the scale....
During a geomagnetic storm in 1989, for instance, Canada’s Hydro-Quebec power grid collapsed within 90 seconds, leaving millions without power for up to nine hours.
The potential collateral damage in the U.S. of a Carrington-type solar storm might be between $1 trillion and $2 trillion in the first year alone, with full recovery taking an estimated four to 10 years, according to a 2008 report from the National Research Council.