whatilearned
Read more: https://earth.org/water-trade/
TIL that water has joined gold, oil and other commodities that are traded on Wall Street as worries about the uncertainty of its availability in the future rises.
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Are we *really* heading to a timeline similar to The Expanse? Water was a HUGE commodity in that show
This is a very bad thing.
The world is getting better, maybe even good at desalination. I don’t think this is a life or death in 2 or even 100 years scenario.
Next it’ll be oxygen
Pretty sure a lot of it is simply because of the rise of bottled water which takes it to a commodity.
Y tho?
That damned water cartel H2OPEC and that big water corporation Wettson-Mobil!
I live in a town where the arsenic in our water is 2000x above the legal limit. I only drink bottled water regardless. Funny that Wall Street wants to monopolize something that isn’t even safe to drink anyways. I guess we should expect a case of water to go up to $50 in the near future huh?
“…uncertainty in the future…” The future is now. Lake Powel is at 37%, and expected to go down to 30% next year.
So how do I buy 0dte calls on it?
Rule 3. This isn’t a news sub
Aaaaaaaaaaaaand it’s California
Did not need to learn this