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Big Oil making huge bets on a new commodity
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Thursday, March 26, 2009
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From Newsmax:

Six major oil companies have purchased rights to billions of gallons of water in the West, potentially jeopardizing water supplies throughout the region, a new report by Western Resources Advocates, an environmental group, indicates.

Relying upon public records, the report examines more than 200 water-rights pacts reached by six energy companies, including Shell and ExxonMobil, which, it is estimated, are collectively entitled to at least 6.5 billion gallons of water from rivers in western Colorado, as well as almost 2 million acre-feet of water from the state's reservoirs.

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World's best investor goes long water

Topics: Water | Commodities
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