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Water Futures to Start Trading Amid Growing Fears of Scarcity


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This smacks of a Ponzi scheme more than actual futures trading.  Almost reminds me of the Enron weather derivatives...

 

On a side note...am I the only one that notes a certain irony in California whining about running short of water when they long ago legalized farming of a product that is amongst the most water-intensive crops to grow? 

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2 hours ago, centex said:

This smacks of a Ponzi scheme more than actual futures trading.  Almost reminds me of the Enron weather derivatives...

 

On a side note...am I the only one that notes a certain irony in California whining about running short of water when they long ago legalized farming of a product that is amongst the most water-intensive crops to grow? 

also sounds like the kind of people who fell for "peek oil" back in the 1980s...

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