Is a 'Katrina-Like' Space Storm Brewing?

Scientists worry we aren't prepared for cosmic event that could cost trillions.

ByABC News
January 9, 2009, 7:11 PM

Jan. 9, 2009 — -- U.S. scientists worry we aren't ready for a solar space storm that could knock out our electricity, our cell phones, even our water supply.

The chances of that happening are small, but it is a possibility as we move into an active period of solar storms.

How do they know? Well, it's happened before. Back in 1859, a solar eruption resulted in telegraph wires burning up.

Of course, the world is now covered in wires and wireless devices that could be vulnerable.

The National Academy of Sciences (NAS) gathered experts from around the country to look at the economic and social costs from these space storms. While they didn't make any recommendations, the scientists hope their report is a wake-up call.

"We're not trying to be alarmist," said Dan Baker, who is the lead author of the report, "but we are trying to show how our systems are interconnected."

The sun is on a fairly regular schedule. Every 11 years, solar activity flares up. The next "maximum" active period is expected in 2012.

During those active times, the sun spits billions of tons of matter toward Earth that can cause electromagnetic storms that interfere with just about all of our electronic systems.

How bad would the "Katrina Space Storm" be for us earthlings? Well, the NAS report suggests the storm could cascade through our modern world.

First, the electric grid would be vulnerable, and could be shut down. It's the first big domino that, the report says, could lead to "disruption of the transportation, communication, banking, and finance systems, and government services; the breakdown of the distribution of potable water owing to pump failure; and the loss of perishable foods and medications because of lack of refrigeration."

Not a pretty picture. The scientists say if even one region or country is affected, the problems could spread to the rest of the world.

If you thought Katrina was expensive, this space storm would dwarf it. The report estimates "$1 trillion to $2 trillion during the first year alone ... for the societal and economic costs of a 'severe geomagnetic storm scenario' with recovery times of four to 10 years."