NASA image shows solar flare that peaked on 4th of JulyFierce solar blasts that could have badly damaged electrical grids and disabled satellites in space narrowly missed Earth in 2012, U.S. researchers said on Wednesday. The bursts would have wreaked havoc on the Earth’s magnetic field, matching the severity of the 1859 Carrington event, the largest solar magnetic storm ever reported on the planet. That blast knocked out the telegraph system across the United States, according to University of California, Berkeley research physicist Janet Luhmann. “Had it hit Earth, it probably would have been like the big one in 1859, but the effect today, with our modern technologies, would have been tremendous,” Luhmann said in a statement. A 2013 study estimated that a solar storm like the Carrington Event could take a $2.6 trillion bite out of the current global economy. Massive bursts of solar wind and magnetic fields, shot into space on July 23, 2012, would have been aimed directly at Earth if they had happened nine days earlier, Luhmann said. MORE