Yeah right, Tell me about the water rights wars you guys are having. What the hell is a “water market”, thank god it’s not part of the Western NY lexicon. Also you are one good Earthquake from falling into the ocean.
California Water Plan, Bulletin 160-98. DWR predicts that by 2020, California will experience water shortages of 2.4 million acre-feet (an acre-foot is about 326,000 gallons, a one-year supply for two typical families of four.)
As California’s water needs increase, the rules that govern California water grow more complicated. The result is a myriad of laws and policies so complex that it defies understanding and makes reform seemingly impossible. One solution both policymakers and water users are discovering can help alleviate water shortages is water markets. Water markets balance supply with demand. Although water markets do not create new supplies, they reallocate water to make more efficient use of existing supplies, promote water conservation, and allow water users to get more out of their water supply than they otherwise could.