Water More Valuable Than Oil In Texas
16 April 2001 - 9:00am
A profit-driven water market has "triggered water wars in Texas. "Water ranches" threaten to pump the state's aquifers dry and cause water shortages.
"For decades the gold beneath the ground in Texas was oil. But if oil built modern Texas, water is now needed to sustain it....groundwater is considered private property, and any landowner can pump the water out even if it leaves neighbors high and dry." Distant cities could take away water from rural areas in a profit-driven market.
Full Story:
For Texas Now, Water and Not Oil Is Liquid Gold
Source:
The New York Times, April 16, 2001
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