The Big Arbitrage Opportunity in California Water

From:  The Casey Report

Rick Rule

Chairman and Founder, Sprott Global Resource Investments Ltd. 

Most consumers in the developed world take access to cheap, plentiful water for granted.

Today, water is incredibly inexpensive. People complain about their water bill… but that’s because they use too much water. Low prices and high availability have led to overuse, insufficient conservation, and unnecessary waste in areas with a finite supply of water.

Water availability varies widely by region. Because it’s heavy, water is difficult to transport from places where it is plentiful to areas of scarcity.  MORE