Water More Valuable Than Oil In Texas

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.

1 minute read

April 16, 2001, 9:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"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.

Thanks to Abhijeet Chavan

Read the full story: For Texas Now, Water and Not Oil Is Liquid Gold

Monday, April 16, 2001 in The New York Times

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