Commodity Trade Mantra

Posts Tagged ‘Water Consumption’

  • Water | August 26, 2015
Why Water Is More Important To Iran’s Future Than Oil

It’s the water that will determine Iran’s future, and not it’s oil and gas. What’s worse, the current drought, which stretches back more than two decades, shows no signs of letting up. The World Resources Institute projects a 20 percent decrease in water supply across much of Iran toward 2040. Conversely, it sees demand rising by as much as 70 percent in that time.

California Water Wars Escalate: State Orders Farmers To Stop Pumping

The State Water Resources Control Board issued the cease and desist order Thursday against an irrigation district in California’s agriculture-rich Central Valley that it said had failed to obey a previous warning to stop pumping. Hefty fines could follow. The Water Wars are just beginning and, it appears, with big oil still exempt, the small businessman and average joe face the costs.

Is Water the next Natural Resource to be Exploited by the Market?

Turning water into an economic commodity & making money from water? Is this what Wall Street wants next? At the forefront of this firestorm is Peter Brabeck, chairman & former CEO of Nestle. In his view, citizens don’t have an automatic right to more than the water they require for mere “survival”, unless they can afford to pay for it.

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