00:00:00.000By the way, before COVID, did you ever think that you and I were going to go through an epidemic or pandemic where we're going to be told that, you know, we're going to shut down everything, you're going to be working from home, you better quarantine, put the mask on, have gloves on when you're going out there, don't touch this, don't do that, kids stay home.
00:00:12.200Did you think that, like, did that thought even cross your mind?
00:00:15.020When 2019 was going into 2020 and you're preparing in December, did you say, honey, we better be ready for a potential pandemic to happen?
00:00:22.100We did not think about it and then all of a sudden, boom, we were hit with it, right?
00:00:25.240You know what's the one thing no one's talking about that is very likely that could happen?
00:00:39.880FYI, come on, Pat, that would never happen to us.
00:00:42.500Well, let me give you our score on how good we're doing with power energy system.
00:00:46.060The American Society of Civil Engineers, which gave the U.S. energy system a C- on Great, on its 2021 infrastructure report card, said that the grid investment trends will eventually lead to a funding gap of almost $200 billion in 2029.
00:01:01.700And also in 2021, threat assessment from the Office of the Director of National Intelligence stated that Russia, China, Iran, and North Korea have the capability to cause harm to the energy grid.
00:01:13.660Also at the same time, the Energy Secretary, Jennifer Granholm, confirmed that America's adversaries possess the capability to shut down the grid.
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00:04:11.420The 2020 Homeland Threat Assessment from the Department of Homeland Security stated that China has the capability and possible intent to compromise the energy grid.
00:04:34.960Do you think they're going to for this?
00:04:36.000Number three is EMP, an electromagnetic pulse, also referred to as a transient electromagnetic disturbance, Ted.
00:04:43.580It's a brief burst of electromagnetic energy.
00:04:46.100The origin of EMP can be natural or artificial and can occur as an electromagnetic field.
00:04:51.040There are two potential sources for an EMP.
00:04:53.040The deliberate detonation of a nuclear device in the atmosphere above the Earth or a massive solar flare.
00:04:59.200The consequences of either could range from a few days without power to life-changing.
00:05:02.880Number four is actual physical attacks on power grid, which rose by 71% last year compared to 2021.
00:05:10.360The Department of Energy's strategy does not include a complete assessment of all the cybersecurity risks to the grid.
00:05:15.520By the way, the Federal Energy Regulatory Commission does not have a good understanding of the scale of the potential impacts from the impact.
00:05:21.540And in the first eight months of 2022, the U.S. electrical grid was physically attacked 107 times.
00:05:28.680So let's actually go through the process.
00:05:30.020And by the way, this is not like a horror movie you're watching.
00:05:31.880This is, you're probably listening to this saying, this is very possible.
00:05:35.040And you and I, just like one day, you know, they say death and taxes are the two guarantees in life.
00:05:39.180This is why you should own life insurance.
00:05:40.740And this is why you should pay your taxes.
00:05:42.180Because those two things we're going to have to do, right?
00:05:44.800What would happen if the power grid actually did go down?
00:05:47.580Number one, immediate disruption would be a loss of electricity in affected areas.
00:05:51.860This would disrupt the normal functioning of various aspects of our daily life, including traffic lights, public transports, businesses, hospitals, communication networks, and more.
00:06:01.360Many water supply systems rely on electric pumps.
00:06:03.680Without electricity, water treatment plants may not function, potentially leading to a lack of clean water and increased risk of waterborne diseases.
00:06:36.180While hospitals have emergency generators, a prolonged outage could endanger patients, especially those in intensive care units or those dependent on powered medical devices.
00:07:47.620Depending on the season, lack of electricity could result in the inability to heat homes in winter or cool them in the summer, posing health risks to vulnerable populations.
00:08:07.060If the attack damages critical infrastructure components, it could take weeks or even months to repair, especially if custom components are required.
00:08:15.740A long-term outage could lead to social unrest, decreased trust in government and institutions, and psychological impacts due to the stress of prolonged disruption.