Best of the Week
Most Popular
1.Gold Price Target of USD 2,300 - GoldCore
2.Greece Banking System Collapse Monday as ECB Pulls the Plug, Capital Controls Ahead of GrExit - Nadeem_Walayat
3.Why British Muslims Are Leaving Elysium Paradise for Syrian Hell - Nadeem_Walayat
4.Greece BANKRUPT! Financial and Economic Collapse to Follow IMF Debt Default - Nadeem_Walayat
5.Extreme Gold/Silver Shorting - Zeal_LLC
6.European Empire Strikes Back Against Greek Debt Fantasy, Counting Down to GREXIT - Nadeem_Walayat
7.Gold And Silver – Three Choices: Sell, Hold, Hold and Add. A Trading Treatise - Michael_Noonan
8.Gold and Silver Price Headed for Breakdown - Jordan_Roy_Byrne
9.Greece Crisis OXI - Raul_I_Meijer
10.Flatline Investing and Dead End Debt Schemes - Doug_Wakefield
Last 5 days
Syriza Convinces Greece to Commit Suicide, GrExit Beckons, Market Reaction - 6th July 15
Financial and Commodity Markets Become Scary: Crash Point Or Turning Point - 5th July 15
A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World - 5th July 15
Forget 'Haircut', Instead Syriza Plans Beheading of Greek Bank Depositors, Theft of Deposits - 5th July 15
The Pentagon’s 2015 Strategy For Ruling the World Through Endless War - 5th July 15
United States Celebrates the Disastrous Secession From Great Britain - 5th July 15
Greece Referendum Vote Result Forecast Yes Win, But Depression Will Continue - 5th July 15
The Great Greek Economic Depression - 4th July 15
Happy 4th of July Stock Market Analysis - 4th July 15
The Most Pressing Reason Yet You Want to Avoid Investing in Retail Stocks - 4th July 15
Fed’s Full Normalization and the Stock Market - 3rd July 15
The U.S. Dollar's 2014-2015 Rally: Wave 3 in Action - 3rd July 15
Stock Market Where are we? And where are we Going? - 3rd July 15
Xi’s Anti-Corruption Campaign Is Key to China’s Prospects - 3rd July 15
How the New Iranian Nuclear Deal Will Impact Crude Oil - 3rd July 15
China's Stock Market Rollercoaster Ride Continues - 3rd July 15
Gold Stocks Cheap to Buy but Not for Long - 3rd July 15
Capital Controls and a Bank Holiday in Greece… Here’s How You Can Profit - 3rd July 15
Greece's Varoufakis: I will Resign if there's a 'Yes' Vote - 2nd July 15
The Student Loan Bubble: Gambling with America’s Future - 2nd July 15
Inflation Is Lurking, but This Asset Can Protect You - 2nd July 15
Three Total Wealth Stock Investor Tactics You’ll Need Because Greece Isn’t Over - 2nd July 15
Why This $5.6 Trillion Investor Profit Boom Is Set To Take Off - 2nd July 15
Greek Debt Crisis: "Too late to prepare now" - Video - 2nd July 15
Guaranteed US Dollar Death Dynamics - 2nd July 15
The Greek Stress Test & The Reality Of Incremental Changes - 2nd July 15
Forget Drachmas Greece Syriza Government Could Instruct Central Bank to Print Euros! - 2nd July 15
Greece Debt Crisis Trigger for Stock Market Crash or Bull Rally? Video - 1st July 15
Gold Stocks Break Below 2008 Low - 1st July 15
SPX Stock Market Retracement May be Over - 1st July 15
Silver Tunnel Vision 'Experts' - 1st July 15
Gold And Silver - Monthly, Quarterly Ending Analysis - 1st July 15
Europe’s Controlled Demolition - 1st July 15
The End of Dow 18,000; Bailouts No Longer Extended  - 1st July 15
Athens Mayor: Greek Government Should Resign - 1st July 15
China Stocks - This Is What a Bubble Looks Like - 30th June 15
Stocks Plunge on Greece Euro-Zone Financial Armageddon Blackmail - 30th June 15
Greece Crisis Shows Importance of Gold as Europeans Buy Coins and Bars - 30th June 15
Stock Investors Express Route to Profits in the Healthcare Sector - 30th June 15
Beyond the Greek Impasse - 30th June 15
Gold GDXJ : Impulse Move Pending - 30th June 15
Fed Interest Rate Increase Could Be Best Thing to Happen to Gold - 30th June 15
Marc Faber - Greece is Basically Bankrupt - 30th June 15

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

China Stocks - Where are they going?

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.


© 2005-2015 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

Biggest Debt Bomb in History