Venture Capitalists Fight Over Water

Water is essential to human life and to corporate life; great supplies of clean water are needed in many industrial processes. If the investments of a famous Texas oil man are any indicator, the fight over water is just getting started.

T. Boone Pickens is a member of the Forbes 400 with an estimated net worth of over $2.7 billion. His fortune is based on oil and gas. Where is he placing his investments now?

Water rights. His new company, Mesa Water, has been buying up ground water rights in Roberts County, Texas - 200,000 acres in all. He says that over a 30-year period, he expects to make more than $1 billion on his investment of $75 million. Pickens wants to take the water from the Ogallala Aquifer and pump about 200,000 acre feet of groundwater annually to El Paso, Lubbock, San Antonio, or Dallas-Fort Worth - for a price, of course.


(Water rights cost)

Pickens has no qualms about charging people for water and has a ready quip for those who think it wrong to do so. “I know what people say - water’s a lot like air. Do you charge for air? ’Course not; you shouldn’t charge for water,” says he. “Well, OK, watch what happens. You won’t have any water.”

Of course, Pickens is right. Many others are coming to the realization that water is too cheap. Hence, water rights are a great buy today.

Science fiction fans may recal Tank Girl, a dystopian film set in 2033. Water is scarce and a corporate monopoly, Water & Power, controls it. Outlaw groups seek to become "water-independent" by trying to sink a well in the basement of a house.

Read more in T. Boone Pickens invests in water and Water is the new oil; thanks to Moira for pointing this story out.

Scroll down for more stories in the same category. (Story submitted 8/6/2008)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 2 )

Related News Stories - (" Engineering ")

Project Soli Radar Gesture Chip Now FCC Approved
'He waved his hand and the circuit switched abruptly.' - Philip K. Dick, 1955.

Implosion Fabrication Shrinks 3D Objects To Nanoscale
'Carter had watched miniaturization a hundred times...' - Isaac Asimov, 1965.

ODYSSEUS Solar-Powered Stratospheric Plane Flies Forever
'The planes flew continuously, twenty-four hours a day...' - EB White, 1950.

Phil Nuyttnn's City Under The Sea
''Under the lower roof there was no water, but a clear and luminous atmosphere...' - Andre Laurie, 1895.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

 

Current News

Unfurl The Future! Huawei Mate X versus Galaxy Fold
'A paper thin polycarbon screen unfurled silently from the top of the unit and immediately grew rigid.'

Amazon Echo And Google Home Should Have Morality Software
'The Dwoskin Morality Rating-Computer could 'spot the slightest tendency to deviation' from the social norm...'

China Building Robot Wives
'Want a life-companion, a pleasant one?'

China Social Credit System Like State-Run Whuffie
'At least there was no mandatory Whuffie check on the monorail platform...'

Project Soli Radar Gesture Chip Now FCC Approved
'He waved his hand and the circuit switched abruptly.'

Stan, Robot Valet, Will Drag Your Car Away
'He activated the grapple tracks. '

Jibo Home Robot Says Goodbye, Is Killswitched
'It resembles an oyster....'

Johns Hopkins Says Asteroid Deflection Will Be Difficult
'This obelisk is one huge deflector mechanism...'

Fabric Automatically Cools Or Insulates Based On Environment
'...a high-efficiency filter and heat-exchange system.'

Deepfakes From OpenAI GPT-2 Algorithm
'How can you compete with an IBM heavy-duty logomatic analogue?'

John Deere Self-Driving Tractor
'The huge plow... seemed to shake itself - and began to move back southward.'

North Focals Smart Glasses Provide Augmented Reality In Style
'The world ... is drenched in unfamiliar information all the way to the horizon.'

Tesla Driver Caught Napping Behind The Wheel
'Mary Risling settled back for a little nap...'

Hayabusa 2 To Begin Asteroid Mining
'We must dig down, and then doubtless we shall find the metal.'

Ionocraft Drone Powered By Electrohydrodynamic Thrust
'He saw one hiss by him as he rounded the corner, trailing a short whip antenna...'

Purdue Pharma Ready To Profit From OxyContin Use Or Addiction Recovery
'It may be organic damage. It may be permanent. Time'll tell, and only after you are off Substance D for a long while.'

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.