You Can Bank on Water Rationing in SoCal by July 1, 2009 (LeakBird)
After reading today’s article in the San Diego Tribune in which the Metropolitan Water District has its drinking straws in its final water reserves and options, I’m convinced that water rationing will not be averted in Southern California (or perhaps all of California for that matter). In other words, we can bank on water rationing, with no water bank from which to print water out of thin air.
It’s just a question of what does it look like?
One thing that’s for sure is a water crisis or drought creates strange bedfellows, as the Metropolitan Water District has come to the realization that it needs to work closely with its “former nemesis” Southern Nevada Water Authority and Pat Mulroy, to whom it is becoming indebted:
“Metropolitan borrowed 70,000 acre-feet last year and is back for more: as much as 100,000 acre-feet. No money will exchange hands, but the water will have to be repaid starting in 2020.”
Basically Metro is just about out of time, shopping for water wherever it can find it, as there’s no water surplus to be found excepting temporary (and very expensive) water reserves, such as small amounts of groundwater from local farmers.
So what can we conclude from all of this?
- There will be water rationing in California
- Water rates will continue to rise across the board
- Water will grow ever more precious, scarce and valued
If you are interested in How You Can Increase Your Cash Flows by $2,500.00 Every Year and Never Pay for High Water Bills Due to Your Tenants’ Running Toilets, sign up for our Free Report here.
Abendigo Reebs is the VP of Business Development for LeakBird Industries LLC in San Francisco, CA. He may be reached by email at ben@leakbird
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