Tomahawk, WI 7/23/12 (StreetBeat) – Bottled water is a $10 billion industry and in a year like this one with the record drought affecting much of the US corn market, water has been a hot topic between politicians, analysts, farmers and, of course, the everyday consumer.
I grew up on a cotton farm in Mississippi and have spent many a hot summer days pumping millions of gallons of water into the fields with nothing on my mind but how hot it was outside.
Today, I watched a special on CNBC about the business of water entitled “Liquid Assets” and began to reflect on how much water is wasted everyday which is one of the main reasons why there is so much more of a push today on conservation.
Water is the most abundant resource on the planet, but it, like anything else can be depleted unless people take the proactive approach of using only what they need instead of wasting countless gallons on the overwatering of gardens, lawns, houseplants, etc…
The “Liquid Assets” special was a very informative and interesting piece that everyone in the world, especially the US, can relate too.
Should water be more regulated? How much water does the average person really need and how is that determined? What should a farmer receive per acre to water his/her crops on an annual basis?
These are just a few of the questions that would have to be answered before drafting new legislation or drawing up a realistic plan to actively approach water conservation.
Some water stocks to follow:
Mueller Water Products (NYSE: MWA) closed up slightly at $3.51 per share on moderate volume.
Aqua America (NYSE: WTR) closed down at $26.54 per share on average volume.
Abtech Holdings (OTC: ABHD) closed down slightly at $0.82 per share on light volume.