posted on Feb, 7 2012 @ 12:34 AM
I think the truth to the story is not as sensational.
I believe this is stemming from a report done by NCAR released in 2006 by NASA. Which I searched for and found this:
Like most experts in the field, Hathaway has confidence in the conveyor belt model and agrees with Dikpati that the next solar maximum should be a
doozy. But he disagrees with one point. Dikpati's forecast puts Solar Max at 2012. Hathaway believes it will arrive sooner, in 2010 or 2011.
They didn't seem that confident back then, of course that was not the end of it. It was rehashed in 2010:
This was discussed at a Space Weather conference in DC and covered by the media.
Here is a excerpt from the 2010 NASA report:
The National Academy of Sciences framed the problem two years ago in a landmark report entitled "Severe Space Weather Events—Societal and
Economic Impacts." It noted how people of the 21st-century rely on high-tech systems for the basics of daily life. Smart power grids, GPS navigation,
air travel, financial services and emergency radio communications can all be knocked out by intense solar activity. A century-class solar storm, the
Academy warned, could cause twenty times more economic damage than Hurricane Katrina.
Which ties in with the article from the OP:
Which all of this has been rehashed by the link in OP...
In any event, most of the original sources for the story can be found in this post.