Water Is The New Oil

Just wait. Your water will one day be supplied by Coke or Pepsi, and you will pay through the nose for it. Water is now becoming a commodity to be traded with no value given to its intrinsic value as a human right... and that WILL affect human life.

Infrastructure in North America is in DESPERATE need of fixing, and politicians KNOW THIS but still do not plan for it. Instead, they allow it to crumble as our tax dollars are diverted to other projects of less importance so that privitization of resources can occur to make them money and give them more political clout.

They are exploiting this precious resource for their own gain at our expense... And it is being done subtly and quietly without many people in municipalities even in this country knowing what is going on regarding their own water supply. The price of water even in my own community has gone up FORTY PERCENT, but the money is not going to infrastructure or to provide better service, but to pay off BOND DEBT... Bonds that were issued to build a golf course... How ironic.

People, you need to do a little research as to what is going on regarding water in your own community. Predators in the private sector are just licking their chops to get in and take over your supply because there is now big business in water... and I predict that like in other countries around the world where the people are poor and vulnerable, the same tactics will be employed right here in the U.S., and the people have to stand up against it.

WATER IS A HUMAN RIGHT, not a commodity to be sold by Coke for a profit that only the rich will be able to afford!
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Water Is The New Oil CIBC
ROMA LUCIW

Globe and Mail Update

The colossal cost of fixing crumbling water infrastructure in the developed world has opened the door to government privatization.

Water delivery systems in the industrial world are in “dire need” of repair, says a report released Monday by CIBC World Markets Inc. At least one-fifth of America's municipal wastewater treatment facilities do not comply with federal regulations and in some U.S. cities, more than half of the water headed to consumers is lost along the way.

CIBC economist Benjamin Tal, author of the “Tapping into Water” report, estimates it will take “hundreds of billions of dollars” to fix dated water infrastructure in North America and Europe. Federal governments are not rushing to fix the infrastructure and municipalities lack the means to do so. “As a result, governments are now much more open to the notion of privatizing their water infrastructure which, in turn, is providing a substantial boost to the private water industry,” Mr. Tal said.

“What we are witnessing here is a trend that is profoundly modifying water as an investment theme throughout the world.”

Canada has one of the world's largest supplies of fresh water, but has its own water woes. Nearly a million British Columbia residents were placed on a boil-water advisory eleven days ago after heavy rainfall triggered mudslides and caused runoff into the Vancouver region's reservoirs, raising concerns about high levels of turbidity. The boil advisory was lifted on Monday.

Water contaminated with E. coli killed seven people and made thousands sick in Walkerton, Ont., six years ago. The bacteria entered the town's water supply from farm runoff, and residents had to boil or buy their water for seven months after their supply was tainted.
Meanwhile, the business of water is booming.

Mr. Tal sees parallels between today's water industry and the oil industry in its golden era, before and after the Second World War. “The market is paying attention,” he said. “Capital investment, deregulation, consolidation, and privatization of global water assets and services are advancing at a pace not seen before.”

In the last three years, U.S.-based water companies — as measured by the Bloomberg U.S. water index — have surged 150 per cent, three times the rise seen by companies on the S&P 500, while paying twice as much in dividends. International water players are doing even better, Mr. Tal said, with their stock values rising twice as fast as their American counterparts in the past year alone.

Water is an attractive investment because it is much less volatile than industries driven by economic cycles, Mr. Tal said. Companies that specialize in “water solutions” can range from pumps, pipes and valves, wastewater treatment, to quality testing. European companies account for half of the global water players, while American companies make up 36 per cent. In Canada, there are few ways for investors to directly invest in H2O. However, the Canada Pension Plan Investment Board recently launched a bid for a British water utility. “Water prices in many industrialized countries are now rising much faster than inflation, and this trend will only accelerate in the coming years,” Mr. Tal said.

World Bank estimates suggest that outsourcing and privatization in the water sector are set to double in the coming five years to reach a near 40 per cent share of the market. “If crumbling water infrastructures in North America and Europe provide the private water industry with great opportunities, the potential in the developing world is even greater,” Mr. Tal said.
More at the link.
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Also see:

Water Must Go To Those Who Deserve It Most, The Rich

If you live in the U.S. and your water is supplied by a private company, then say hello to your new owner as of 2002:

RWE

Which bought out:

American Water
Now in 16 states.

Remember, it's all about PROFIT.
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UPDATE: 11.30.06

New Report Questions The Future Of American Water

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