This is basically classic arbitrage. Water in the American West is badly mispriced, so ranchers in China, Japan and Saudi Arabia are essentially buying this water for a very low price because their own water price is very high.
I'm hoping there is eventually enough outrage in these areas to change policy. Especially in California, where they are forcing people to rip up their lawns and trying to guilt folks into feeling horrible if they take a shower a minute too long, meanwhile they're doing nothing about what is actually the biggest cause of the problem.
I'm hoping there is eventually enough outrage in these areas to change policy. Especially in California, where they are forcing people to rip up their lawns and trying to guilt folks into feeling horrible if they take a shower a minute too long, meanwhile they're doing nothing about what is actually the biggest cause of the problem.