the other mike
Diamond Member
Who owns the water ?
One of the many reasons, years ago, that I decided to stay in Arkansas, was because of the clean well water, which up until now has been 'free'. We own the land, the well, the pump motor, and we pay for the electricity to to get the water through the pipes to our house.
But as it's already happening in other states, the government may start taxing us on it ...I suppose they'll install meters on everyone's property to monitor usage and bill accordingly, the same way rural electric companies do it essentially.
America is running out of water and Wall Street is now taking bets on how future shortages will play out. This week, investors, farmers and municipalities were able to wager on the future price of water for the first time, trading under the ticker (NQH2O) on the Nasdaq Veles California Water Index. The futures, announced in September, are tied to California’s $1.1 billion spot water market, last closed at 489.11 index points, equating to $489 per acre-foot.
One of the many reasons, years ago, that I decided to stay in Arkansas, was because of the clean well water, which up until now has been 'free'. We own the land, the well, the pump motor, and we pay for the electricity to to get the water through the pipes to our house.
But as it's already happening in other states, the government may start taxing us on it ...I suppose they'll install meters on everyone's property to monitor usage and bill accordingly, the same way rural electric companies do it essentially.
America is running out of water and Wall Street is now taking bets on how future shortages will play out. This week, investors, farmers and municipalities were able to wager on the future price of water for the first time, trading under the ticker (NQH2O) on the Nasdaq Veles California Water Index. The futures, announced in September, are tied to California’s $1.1 billion spot water market, last closed at 489.11 index points, equating to $489 per acre-foot.
Water Is Running Out So Fast, Wall Street Is Trading It Like Gold and Oil
America is running out of water and Wall Street is now taking bets on how future shortages will play out. This week, investors, farmers and municipalities were able to wager on the future price of...
finance.yahoo.com
Water law in the United States - Wikipedia
en.wikipedia.org
Water wars: early warning tool uses climate data to predict conflict hotspots
Tension over water scarcity is increasing across the globe. A new system flags up where this threatens to erupt into violence
www.theguardian.com
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