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.

One thought 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.”

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