Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
What Did Crude Oil - Platinum Link Tell Us Last Week? - 17th Jul 18
Gold And The Elusive Chase For Profits - 17th Jul 18
Crude Oil May Not Find Support Above $60 This Time - 17th Jul 18
How Crazy It Is to Short Gold with RSI Close to 30 - 16th Jul 18
Markets Pay Attention Moment - China’s Bubble Economy Ripe for Bursting - 16th Jul 18
Stock Market Uptrend Continues, But... - 16th Jul 18
Emerging Markets Could Be Starting A Relief Rally - 16th Jul 18
(Only) a Near-term Stock Market Top? - 16th Jul 18
Trump Fee-Fi-Foe-Fum Declares European Union America's Enemy! - 16th Jul 18
US Stocks Set For Further Advances As Q2 Earnings Start - 15th Jul 18
Stock Market vs. Gold, Long-term Treasury Yields, 10yr-2yr Yield Curve 3 Amigo's Update - 15th Jul 18
China vs the US - The Road to War - 14th Jul 18
Uncle Sam’s Debt-Money System Is Immoral, Tantamount to Theft - 14th Jul 18
Staying in a Caravan - UK Summer Holidays 2018 - Cayton Bay Hoseasons Holiday Park - 14th Jul 18
Gold Stocks Summer Lows - 14th Jul 18
Trump US Trade War With China, Europe Consequences, Implications and Forecasts - 13th Jul 18
Gold Standard Requirements & Currency Crisis - 13th Jul 18
Focus on the Greenback, Will USD Fall Below Euro 1.6? - 13th Jul 18
Stock Market Outlook 2018 - Bullish or Bearish - 13th Jul 18
Rising Inflation is Not Bearish for Stocks - 13th Jul 18
Bitcoin Picture Less Than Pretty - 13th Jul 18
How International Observers Undervalue the Chinese Bond Market - 13th Jul 18
Stocks Trying to Break Higher Again, Will They? - 12th Jul 18
The Rise and Fall of Global Trade – Redux - 12th Jul 18
Corporate Earnings Q2 2018 Will Probably be Strong. What This Means for Stocks - 12th Jul 18
Is the Relative Strength in Gold Miners to Gold Price Significant? - 12th Jul 18
Live Cattle Commodity Trading Analysis - 12th Jul 18
Gold’s & Silver’s Reversals’ Reversal - 12th Jul 18
The Value of Bitcoin - 11th Jul 18
America a Nation Built on Lies - 11th Jul 18
China, Asia and Emerging Markets Could Result In Chaos - 11th Jul 18
Bullish Gold Markets in the Big Picture? - 11th Jul 18
A Public Bank for Los Angeles? City Council Puts It to the Voters - 11th Jul 18
Yield Curve Inversion a Remarkably Accurate Warning Indicator For Economic & Market Peril - 11th Jul 18
Argentina Should Scrap the Peso and Dollarize - 11th Jul 18
Can the Stock Market Close Higher For a Record 10th Year in a Row? - 11th Jul 18
Why Life Insurance Is A Must In Financial Planning - 9th Jul 18
Crude Oil Possibly Setting Up For A Big Downside Move - 9th Jul 18
BREAKING: New Tech Just Unlocked A Trillion Barrels Of Oil - 9th Jul 18
How Trade Wars Penalize Asian Currencies - 9th Jul 18
Another Stock Market Drop Next Week? - 9th Jul 18
Are the Stock Market Bulls Starting to Run? - 9th Jul 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

Was India's Worst Black Out in Human History Triggered by a Solar Flare?

Economics / Environmental Issues Aug 01, 2012 - 05:07 AM GMT

By: DK_Matai

Economics

Best Financial Markets Analysis ArticleAsia's third-largest economy -- INDIA -- was hit by three more huge power grid failures, one day after a similar, but smaller power failure covered half the country -- leaving more than 650 million people without electricity in the world’s biggest blackout according to the ATCA Research & Analysis Wing.  More than half the population of India has been affected, which is roughly 10% of the world's population and bigger than the entire population of the European Union or the United States, Russia and Brazil combined.  In parallel, hours of power outage in the scorching summer sparked protest in most parts of Pakistan and angry protesters attacked offices of power supply departments in some areas.


Solar Flare or Coronal Mass Ejection (CME)?

Is a "Solar Flare" partially responsible for India and Pakistan's massive power outage?  Could it have been a Coronal Mass Ejection (CME) since most of Pakistan, along with northern India, also suffered long blackouts?  Given that rains had arrived, temperature was down in north India so there was less requirement for a power overdraw.  For example, the temperature in New Delhi on 31st July was 25.4 degrees Celsius, more than ten degrees below what it had been during the peak of the summer heat.  If electricity overuse was the sole cause of the power failure, because of too many people drawing power, this would have happened before now.

sun_coronal_mass_ejection.jpg

Solar Flare: Coronal Mass Ejection (CME)

Solar Coincidence

A medium-size solar flare erupted from the sun this weekend, hurling a cloud of plasma and charged particles towards Earth on a cosmic path that was expected to deliver a glancing blow to our planet on July 31st, according to space weather forecasters, the day the massive power outage took place across India and Pakistan.  The M6-class solar flare exploded from the sun on Saturday -- July 28th -- unleashing a wave of plasma and charged particles, called a coronal mass ejection (CME), into space. "This is a slow-moving CME," astronomer Tony Phillips wrote on Spaceweather.com, which regularly monitors space weather events.  "The cloud's low speed (382 km/s estimated) combined with its glancing trajectory suggests a weak impact is in the offing. Nevertheless, polar geomagnetic storms are possible when the cloud arrives."

Coronal Mass Ejections (CME) and Electro-Magnetic Pulse (EMP)

The most dangerous type of solar flares for humanity are the Coronal Mass Ejections (CMEs) that occur during the most active period of the sun's 11-year cycles. This time, the zenith of CMEs is set for 2012 as the solar cycle #24 reaches a crescendo. A CME happens when gas erupts from the solar corona -- "crown" of outer atmosphere surrounding the sun -- and carries a massive amount of radioactive material that can reach earth in three to five days. One potentially catastrophic disruption humanity is not prepared for is an Electro-Magnetic Pulse (EMP) or a burst of electromagnetic radiation from a major Coronal Mass Ejection (CME) from the sun. This would create a sudden, massive fluctuation in the earth's electromagnetic field similar to the detonation of a High-altitude Electro-Magnetic Pulse (HEMP) nuclear device. The resulting electric and magnetic fields would then couple with electrical grid systems to produce damaging current and voltage surges.  [Ref ATCA 5000: Could Super Solar Flares Take Us Back To 5000 BC? 17th June 2010]

Disaster Movie in Real Time

The colossal power cuts across 2,000 miles -- from the border with Burma in the East to the border with Pakistan in the West -- in such a widespread area of the world's second most populous nation appeared to have been like a disaster movie unfolding in real time with every aspect of modern life grinding to a sudden halt.  They hurt India's pride given that the country aspires to become a regional economic superpower.

Cascading Failure

In cases when demand outstrips the power supply, the system of circuit breakers must be activated, often manually, to reduce some of the load in what are known as rolling blackouts. But if workers cannot trip those breakers -- because their immediate masters won't let them -- a set of small failures can cascade into a much larger blackout.  Rabindra Nath Nayak -- chairman of the state-run Power Grid of India -- said, "tripping at several interconnectivity points of the [northern] grid could have had a cascading effect."  It is difficult to say whether this was a manmade disaster compounded by natural phenomena.  The truth is that India has failed to build up enough power capacity to meet soaring demand as its GDP has grown at a break-neck 8 to 9 percent in recent years.  As a result, India’s demand for electricity has soared along with its economy, but utilities have been unable to meet the growing needs.  India’s "Central Electricity Authority" reported power deficits of between 8% and 10% in recent months, which are dragging on the country's economic growth.  This despite the fact that between 25 percent and 40 percent of Indians are not connected to the national grid at all. 

Outdated Infrastructure

This power outage, unusual in its reach, raises serious concerns about India’s outdated infrastructure and the government’s inability to meet India's huge appetite for energy although its impact was softened by Indians’ familiarity with frequent blackouts and the widespread use of backup generators for major businesses and essential services.  PM Manmohan Singh had vowed to fast-track stalled power and infrastructure projects as well as introduce free market reforms aimed at reviving India's flagging economy. Power Minister Sushilkumar Shinde conveniently blamed the systemic power collapse on some states drawing more than their share of electricity from the over-burdened grid.  Uttar Pradesh's top civil servant for energy responded by stating that outdated transmission lines were at fault.

Conclusion

We all know that blackouts happen in India and Pakistan somewhat regularly, but not on this massive scale.  Is such an unprecedented regional blackout down to increased use only? It is interesting to note that a medium class "Solar Storm" was expected to hit Earth on Tuesday, 31st July, the day of the massive power outage in India.  This colossal power outage is a stark reminder of the intractable problems still plaguing India:

1. Inadequate infrastructure;

2. Crippling power shortages; and

3. Absence of government leadership.

Key Question

Is this going to have a substantial adverse impact on the overall economic activity and output of India?  Power failure on such a massive scale for two consecutive days is likely to hit sentiment and output very badly according to distinguished members of the ATCA 5000 based in India.

What are your thoughts, observations and views? We are hosting an Expert roundtable on this issue at ATCA 24/7 on Yammer.

By DK Matai

www.mi2g.net

Asymmetric Threats Contingency Alliance (ATCA) & The Philanthropia

We welcome your participation in this Socratic dialogue. Please access by clicking here.

ATCA: The Asymmetric Threats Contingency Alliance is a philanthropic expert initiative founded in 2001 to resolve complex global challenges through collective Socratic dialogue and joint executive action to build a wisdom based global economy. Adhering to the doctrine of non-violence, ATCA addresses asymmetric threats and social opportunities arising from climate chaos and the environment; radical poverty and microfinance; geo-politics and energy; organised crime & extremism; advanced technologies -- bio, info, nano, robo & AI; demographic skews and resource shortages; pandemics; financial systems and systemic risk; as well as transhumanism and ethics. Present membership of ATCA is by invitation only and has over 5,000 distinguished members from over 120 countries: including 1,000 Parliamentarians; 1,500 Chairmen and CEOs of corporations; 1,000 Heads of NGOs; 750 Directors at Academic Centres of Excellence; 500 Inventors and Original thinkers; as well as 250 Editors-in-Chief of major media.

The Philanthropia, founded in 2005, brings together over 1,000 leading individual and private philanthropists, family offices, foundations, private banks, non-governmental organisations and specialist advisors to address complex global challenges such as countering climate chaos, reducing radical poverty and developing global leadership for the younger generation through the appliance of science and technology, leveraging acumen and finance, as well as encouraging collaboration with a strong commitment to ethics. Philanthropia emphasises multi-faith spiritual values: introspection, healthy living and ecology. Philanthropia Targets: Countering climate chaos and carbon neutrality; Eliminating radical poverty -- through micro-credit schemes, empowerment of women and more responsible capitalism; Leadership for the Younger Generation; and Corporate and social responsibility.

© 2012 Copyright DK Matai - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules