Market Pricing vs. Water 'Shortages'

For years, water scarcity in Florida had not gotten the national attention it deserves. That changed when the U.S. Supreme Court agreed in November to hear Florida’s lawsuit against Georgia in which Florida maintains that Atlanta’s demand for water from the Chattahoochee and Flint river basins has led to the collapse of the oyster beds in Apalachicola Bay. Florida’s water woes are not unique, and they’re certainly not confined to Apalachicola Bay. Nor is Georgia’s heavy use of shared rivers the nation’s only regional water problem. Prolonged dry spells in the Southeast have pummeled farmers, triggered finger-pointing between rural and urban users, led to progressively confrontational legal battles between states over water rights, and raised questions about water usage by golf courses, suburban homeowners, and energy producers. In California, the ongoing drought has shrunk the state’s reservoirs and cut the amount of hydroelectric...(Read Full Article)