Four dollars for a gallon of gas is ridiculous enough, but $4 for a gallon of water could someday became a reality, that is if oil tycoons like T. Boone Pickens and water bottling companies have their way. Privatization of water in which companies control the public's water sources and free water is a thing of the past appears to be what Pickens and corporations such as Monsanto, Royal Dutch Shell, and Nestle are banking on to increase their vast fortunes.
Companies, brokers and billionaires are buying up groundwater rights and aquifers. Groundwater is necessary for agriculture and more water is needed to meet a growing demand for food. Many countries have already over-pumped their groundwater to feed increasing local populations. Combine this with climate changes and an ever-increasing strain on water resources due to a rapidly growing world population and you have got a future where water is called "blue gold" because of its scarcity and high cost.
The Organization for Economic Cooperation & Development estimates that half the world's population will reside in areas with significant water stress by 2030. According to a government report entitled Global Water Security, the demand for water will be 40 percent above sustainable water supplies with needs around 6,900 billion cubic meters due to population growth. By 2025, the world's population will likely exceed 8 billion people.
Private corporations already own 5 percent of the world's fresh water. Australia is an excellent example of a country already suffering from multiple water droughts. Farmers are selling water rights to brokers, unaware of the long-term effects.
The United States is by no means immune to these plots. Royal Dutch Shell owns groundwater rights in Colorado and oil tycoon Pickens is buying up all he can in Texas. He owns more water than any other person in the U.S. His plan is to sell the water owns, around 65 billion gallons annually, to Dallas and other major cities affected by droughts. Pickens hopes to profit off of desperation, saying "There are people who will buy the water when they need it. And the people who have the water want to sell it. That's the blood, guts, and feathers of the thing." He also owns a massive wind farm in the area and natural gas resources, but has admitted that he is no environmentalist, only an entrepreneur who goes where the money is.