January 9, 2013
Aging infrastructure! When coupled with climate change and severe weather patterns, that’s the problem. Very few seem to be linking the two and not really worried.
NOAA (the National Oceanic and Atmospheric Administration) said yesterday that 2012 was the warmest on record for the lower 48 states. While the debate will continue about climate change, the real fact is: there were 11 disasters that each caused in excess of $1 Billion in damage. Please click on the link below.
Here in the mid Atlantic states we know firsthand about the devastating impact and extent of the damage caused by Sandy. And, the $60 Billion price tag is certainly not chump change!
Earth Networks’ Robert Marshall, who operates the largest and comprehensive weather observation network, said “ I’m afraid it’s just the new normal.”
Mr. Marshall, I’m afraid you’re correct. I recently ordered a generator for my home to provide power when the lights go out again—it’s out of stock and on back order. When I took a leisurely trip to Home Depot to buy a gas can (out of stock and on back order), I was shocked to learn that the transfer switch that I need to connect the generator to my house was out of stock and on back order as well. Right now, the most important person in my life is the electrician who has not returned my call in one week, and I hope that he still comes to install the system. It appears that consumers are beginning to realize: Houston, we have problem.
Wake up and smell the coffee. Despite discord in Washington and growing financial concerns around the world, companies must be proactive to reduce the impact of the frequency and severity of shifting weather patterns.
This brings me back to aging infrastructure: old power lines, old telephone poles, inability to shift power quickly, along with leaking water pipes and waste water systems.
As I have often stated, I am a lifelong financial services professional and not a scientist. But, I look at a lot of data for guidance. As I have learned from my recent generator shopping experience, right now there appears to be a supply/demand imbalance in the residential power generation market: no generators, no gas cans, no transfer switches. You be the judge. Others must be worried as well.
From where I sit, it’s apparent. The aging infrastructure needs to be addressed at all levels and moved up to a top level of priority.