Is water a commodity?

❝ Is water a commodity?

❝ It’s a question that more and more investors are asking these days. The media has been full of stories about rising water scarcity: water lawsuits in the American Southwest; growing demand for water for ethanol plants; drought conditions in key grain-producing countries like Australia. Water’s role in the global economy is becoming both more real, and more visible.

It’s not entirely a new idea. An article in Fortune Magazine back in May of 2000 stated, “Water promises to be to the 21st century what oil was to the 20th century: the precious commodity that determines the wealth of nations.”

❝ Really? Is water a commodity?

RTFA for more questions, more answers.

3 thoughts on “Is water a commodity?

  1. Rhetorical device says:

    “The Water Is Already Low At A Florida Freshwater Spring, But Nestlé Wants More” https://www.npr.org/2019/11/08/776776312/the-water-is-already-low-at-a-florida-freshwater-spring-but-nestl-wants-more “Nestlé and many other companies have bottled and sold Florida spring water for decades. For the past 20 years, Seven Springs, the company that owns the land around Ginnie Springs, has had a permit allowing it to take nearly 1.2 million gallons a day from its wells. During that time, working with other water bottlers, the company never withdrew more than a quarter of that. Nestlé now wants to increase the daily withdrawal to the full amount, a request that has set off alarm bells among environmental groups.
    …Environmental groups are pushing for Florida to adopt something it doesn’t have now: a water use fee. Right now, the only money the state collects for the water is a one-time $115 application fee paid by the company doing the pumping, Seven Springs. Nestlé won’t say how much it’s paying Seven Springs for the water. But Smart, of the Florida Springs Council, says that under the current system, companies make millions of dollars from a public resource for which they pay little or nothing.”

  2. If you ain't got the do re mi... says:

    “It’s almost 2020, and 2 million Americans still don’t have running water, according to new report” https://www.washingtonpost.com/national/its-almost-2020-and-2-million-americans-still-dont-have-running-water-new-report-says/2019/12/10/a0720e8a-14b3-11ea-a659-7d69641c6ff7_story.html
    “Closing the Water Access Gap in the United States.” http://uswateralliance.org/sites/uswateralliance.org/files/Closing%20the%20Water%20Access%20Gap%20in%20the%20United%20States_DIGITAL.pdf The United States does not have a comprehensive means of tracking the number of people living without piped water, according to George McGraw, founder and CEO of the nonprofit DigDeep. Harder still is to calculate how many people cannot afford water even if they can access it, said Radhika Fox, CEO of the U.S. Water Alliance, a policy-focused nonprofit group that partnered with DigDeep to produce the report.
    “That number is much larger than 2 million,” she said.
    The report was produced by collating federal data sets, including 2014 data collected by the U.S. Census Bureau’s annual American Community Survey, which asks a small representative sample of residents whether they have running water.

    A human can typically only last three to four days without water.

  3. Harbinger says:

    “Australian School Runs Out Of Water Because Big Corporations Have Ransacked Their Supply : “Now the government is buying water back from Coca-Cola to bring here, which is where it came from in the first place.” https://allthatsinteresting.com/australian-school-without-water
    “Queensland school runs out of water as commercial bottlers harvest local supplies” https://www.theguardian.com/environment/2019/dec/12/queensland-school-water-commercial-bottlers-tamborine-mountain
    “As the drought bites deeper, residents in a growing number of rural communities are fighting to stop local groundwater being taken to satisfy Australia’s thirst for bottled water.” https://www.abc.net.au/news/rural/2019-11-03/bottled-water-wars-in-rural-australia/11666438

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