Water Futures to Start Trading Amid Growing Fears of Scarcity Maybe this is for people who missed out on toilet paper and paper towel companies stock in the last year! Of course water scarcity is no laughing matter - but looking to make money off it? Maybe selling futures on clean air is next.
Wow! H2O as a commodity. I just replaced our deep well submersible pump recently. Should be good to go next 15 years as long as our well does not dry out. I wonder what 10 acre-feet of water, equal to roughly 3.26 million gallons would last for us???
This has been a thing warned of for 2 decades, some braindead municipalities are already selling a things they have no rights too, I imagine a buck a gallon situation, sponge baths smelling like a Frenchmen and disposable paper plates. (Which is already a reality in parts of Australia with $1000 water bills) we humans must dream of doing everything possible to build our post apocalyptic future today by making ideotic decisions and policy some things belong in a regulated public domain like utility profits ah well can’t fix stupid and can’t keep people from living in unlivable places along with farming in unfarmable areas (or can we)
I was paying well over $1000 water bill when we lived in MA over 15 years ago. It was a quarterly bill and included both water and sewer but still. I don't know what they charge now, but the cost was high then due to the Massachusetts Water Resources Authority bill for Boston bay clean-up. I pay no water or sewer fees other than occasional services needed for our well and septic.
Cisterns and private wells are illegal in many parts of the country heck my municipality gave away rain barrels then a few years later would fine you for using them due to lost revenue
Some states do have regulations or anything that keeps water from entering the underground aquafer naturally. In Nebraska back in the 1970's they were beginning to have problems with farmers pumping from the Platte River and running it dry before it could complete its path from the source to the Missouri river.
