Water futures – a new market?

Looks like water futures will begin trading on Wall St in some digital market for all those who must have water but do not own rights to it. Or at least that is one of the narratives. I think rather that any scarce resource (whether manufactured or exploited from the earth / atmosphere) is just another way for traders and capital market makers to increase their profit streams – regardless of how the narrative is spun.

Here’s Bloomberg on it, https://www.bloomberg.com/news/articles/2020-12-06/water-futures-to-start-trading-amid-growing-fears-of-scarcity

How sad is it that something so fundamental to life, i.e., water, is not going to be bought and sold as if it were nothing more / less than oil.

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