In 2003 October, a stronger storm than 1989's hit the Earth, resulting in a lot less power outages (presumably the grid was protected better than the past), but resulted in damages to many orbiting satellites. [1]
It's safe to assume that thanks to GOES, SOHO, and other observation and forecasting systems, we'll have enough time to respond to an incoming CME, which would probably result in preemptive blackouts to isolate and reduce the effective capture area of the grid to reduce currents upon impact, but little can be done to protect satellites in orbit, which would be the biggest impact to civilization should a large portion of satellites fail.
[0]https://en.wikipedia.org/wiki/March_1989_geomagnetic_storm#c...
[1] https://en.wikipedia.org/wiki/Halloween_solar_storms,_2003
Worse, a lot of the hardware at that level (those big transformers and the like) are not really kept in surplus and are effectively manufactured to order and sourced outside of the United States. And while that's not a problem for countries that are more modernized, if you took down the grid in the United States the economic and food supply implications would be a global issue.
Similarly, if anything ever happened to GPS the logistics and agricultural industries would topple as they are so incredibly dependent on GPS now it's terrifying.
There have been attempts to modernize it and a plethora of articles exist on the subject, here is a semi-decent one Forbes ran earlier this year
https://www.forbes.com/sites/davidblackmon/2019/07/12/modern...
GPS is especially interesting because the USAF didn't even want it and it almost never happened yet ever shipping company, every cargo ship, every semi, ever FedEx and UPS truck, many pieces of large farm vehicles and most of us use GPS daily. The larger farming operations even use GPS to harvest as GPS is far more accurate than a human being trying to make optimal rows and optimal rows end up in huge time & fuel savings as each acre goes by.
And take the internet... all of those delivery/freight companies use the internet to manage their shipments all across the world and to adjust routes on the fly, and most commerce is conducted via the internet either via websites or servers.
Then power. If you don't have power you don't have water pressure, you can't pump gasoline, you can't make gasoline, you can't use the internet, etc. If you even just manage to take down one region (like happened in Canada in 1989 https://en.wikipedia.org/wiki/March_1989_geomagnetic_storm ) for even a day you have a massive disruption.
It can honestly be terrifying if you let your mind obsess about it, just how fragile our technological civilization is. More and more I want to live as simply as possible but man, it's hard, we rely so much on gadgets and SAAS and the general convenience of an electricity/GPS/internet driven society.
Fascinating. Is this to measure the lag time between ordering and executing a trade?
(And to be clear: I'm not exaggerating when I say billions.)
I meant my comment in the context of the comments about fragility of our civilization (e.g. GPS being tied to power grids and agriculture and trade). Severely disrupt the systems that feed and warm us daily could easily topple the entire civilization, and I wanted to highlight that "toppling" here is a synonym for billions of deaths from starvation in a very short time frame, followed by not having a technological civilization for thousands to hundreds of thousands of years.
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[0] - http://jacek.zlydach.pl/blog/2019-07-31-ads-as-cancer.html
Right but my intended point was, Texas is generally better off than the rest of the United States as far as their grid because the companies have much tighter, digital, control over the grid and don't have to worry about being tied into their neighbors which not only lets them get back up and running from 'normal' outages much quicker but they can also have a much larger impact when they do upgrades compared to the rest of the United States.
Losing 10% of our electronics would probably have a greater impact than losing 50% of the ones in use in the Civil War era.
There's no electricity, except during aurorae when everything electric glitches.
After playing the survival sandbox version of the game for some time, there was a short electric blackout due to a thunderstorm in real life, in the area where I live. That made me think hard about our dependency on electrical stuff. If the electricity goes over a big area, there's no light, phones last for a short time, then goes the water, radios will be out, food supplies will cease eventually, and so forth and so on. A modern technological society is relatively brittle.
The game studio made a short film called "Elegy" [1]. I think it is quite beautiful in all its melancholy.