After reading a book, Rigged about the Crude Oil market and the trading of oil and the markets automation, I came across a note from the person the book was about.
He, "former VP of the Mercantile Exchange," mentions the trading of elements and water in the future as the only thing that could possibly rival the trading of energy today. Basically saying energy runs our world today.
Having been to another country myself, and seeing the effects of limited water, think about the possibility of a water exchange. Yes, water being bought and sold on a market much like our stock market, by the barrel......Obviously this may sound crazy, but if water in Arizona is scarce and highly needed, the price per barrel could be high. Fourtunately right now we have means to transport and maintain water cheaply, but it is not out of the question to think America or some other country could control the water market as the Middle East controls the oil market.
The way this would happen is like the start of all other markets, buyers finding sellers. I.E., in Mexico, currently, water is bought and sold by the half barrel, lets say I think they are paying too high a price. I may be an intemediary (broker) having found a cheaper seller in Texas. Thus, a market is, "created," I have found way to trade water at a lower price, and the bidding or an agreement to raise prices (with my competitor and share profits) begins......
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Interesting that you should mention water as a commodity...there is a huge restoration project in Florida to revive the Everglades because of the lack of water in Southern Florida...The political agenda of the project was advertised and supported for its "conservation" but in reality the project is more about creating resevoirs of water for the increasing population in Southern Florida...This project from a planning standpoint has become the model for other restoration projects of large bodies of water(i.e. the Chesapeake Bay and the Great Lakes) Micheal Grunwald has a book out on the project and if you look him up he has written various articles on the subject as well...
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