Published on Zero Hedge (http://www.zerohedge.com)
Guest Post: Is Water The New Oil?
By Tyler Durden
Created 08/07/2013 - 13:36
The sharpening international geopolitical competition over natural resources has turned some strategic resources into engines of power struggle. Transnational water resources have become an especially active source of competition and conflict, triggering a dam-building race and prompting growing calls for the United Nations to recognize water as a key security concern. With the era of cheap, bountiful water having been replaced by increasing supply and quality constraints, many investors are beginning to view water as the new oil. Political and economic water wars are already being waged in several regions, reflected in dam construction on international rivers and coercive diplomacy or other means to prevent such works. The World Bank estimates that such constraints are costing China 2.3% of GDP [1]. In short, we must focus on addressing our water-supply problems as if our lives depended on it. In fact, they do.
Links:
[1] http://goo.gl/OTXc1
[1] http://goo.gl/OTXc1
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