Californians received a double dose of not so happy water news last month; cutbacks were made to water allocations and a key water price index surged higher. Drought fears are heightening due to low reservoir levels and below normal snowpack.
Water set to become more valuable than oil as rising demand from people, industries and agriculture puts pressure on supplies.
Value of Water: EPA Studies Importance of Water to U.S. Economy
Water is vital to a productive and growing economy in the U.S., directly and indirectly affecting the production of goods and services. For most consumers, water costs less than a penny per gallon at the tap, and buried infrastructure is out of sight and mind as long as the water is flowing.
California’s large metropolitan regions, especially the San Francisco-Oakland-Silicon Valley Bay Area, generate more economic value per unit of freshwater consumed than other regions in the United States.
Ever growing demand for agricultural and municipal water, caused by population growth and the need to feed the world, as well as increasing stress over waterbodies crave for efficient and sustainable water management.
In the mountains east of the Cape Town, South Africa, just beyond the curving road up Sir Lowry’s Pass, workers manoeuvre heavy machinery to stab at the ground near Steenbras Dam, drilling deeply with steel pipes to bring forth water.
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