Blog 17: Privatization of Water

A large amount of the world's freshwater sources are owned by private companies, which buy as many rights to groundwater and aquifers as they can. Because of this, water being sold for $4 a gallon one day has become a good possibility. Because so much of the freshwater sources are privately owned, prices for this water increase, and those that are impoverished and in desperate need are unable to afford it. In addition to water becoming increasingly privatized, it's also becoming more scarce through over-pumping, use for agriculture, waste, climate change, and droughts. It is estimated by the Organization for Economic Cooperation & Development that by 2030, nearly half of the world's population will live in areas afflicted by significant water stress, and water demand will be 40% above sustainable amounts. Although water was once plentiful, that is far from the case today, and new restrictions are necessary regarding the management of water. 

http://www.naturalnews.com/035603_water_monopoly_privatization.html