T Boone believed that water was going to make his family far more wealthy than oil. Fast forward to now… Water futures are now being traded much like oil futures. If you are a farmer in California you can lock in your water bill. The major down side is that people all over the world will be speculating on that water in order to make a $. These investors are not included in the local sandbox where the water will actually be consumed so they provide no benefits. This is going to end California. This is going to drive water cost so high that the locals cannot afford to turn on the tap.
And a good equity play is WTR.