Wall Street has begun trading water as a commodity, like gold or oil

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water trading, water trading wall street, wall street water, Wall Street just started trading water as a commodity like gold and oil
Wall Street just started trading water as a commodity like gold and oil.

That’s terrifying news! Water begins trading on Wall Street in the Futures Market for fear of shortages!

What is water trading?

The market allows farmers, hedge funds, and municipalities to hedge bets on the future price of water and water availability in the American West. The new trading scheme was announced in September, prompted by the region’s worsening heat, drought, and wildfires.

Water trading pros and cons

Proponents argue the new market will clear up some of the uncertainty around water prices for farmers and municipalities, helping them budget for the resource.

But some experts say treating water as a tradable commodity puts a basic human right into the hands of financial institutions and investors.

Wall Street’s water trading

The country’s first water market launched on the Chicago Mercantile Exchange this week with $1.1 billion in contracts tied to water prices in California.

There were two trades when the market went live Monday.

Droughts, population growth, and pollution are likely to make water scarcity issues and pricing a hot topic for years to come. We are definitely going to watch how this new water futures contract develops,” RBC Capital Markets managing director and analyst Deane Dray told Bloomberg.

What this represents is a cynical attempt at setting up what’s almost like a betting casino so some people can make money from others suffering. My first reaction when I saw this was horror, but we’ve also seen this coming for quite some time,” said Basav Sen, climate justice project director at the Institute for Policy Studies.

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12 COMMENTS

  1. YOU CANT DO THAT
    you cannot take ownership of something vital to Life
    ARE YOU LISTENING NESTLE..
    and if you insist on doing so
    THEN WHEN YOU TRY TO RETRICT ACCESS
    WE HAVE the RIGHT TO TEAR YOU DOWN
    FROM the TOP TO the BOTTEM
    WHATEVER WE SEE FIT

  2. One of our past governors here in Alaska, Wally Hickel, proposed that Ak. build a pipeline that would transport water to the lower 48. Not so crazy after all.

  3. 6.2 Taiwa Quake, and 5.9 Tonga and series of 6,0 quake around the globe. This is just start of begining of no ends. Exit west Coast while you can or witness the mother quakes 9.2 plus and 8 plus still Mina shaking so much. The many signs that we have warned indicates that USA will go War with Iran soon. Ayatoolah Khamanie possible death it takes 2 weeks to announce it due people of Iran will make final move and end worst brutal regime in the world. Hell to Islam of Ayatoolahs.

  4. eports are beginning to spread via social media that the Supreme Leader of Iran, Ayatollah Ali Khamenei, had died.

    Some of those reports claim he died of COVID, other rumors say it was Prostate cancer, while others say the Israeli Mossad killed him to avenge the death of a Mossad Commander, Fahmi Hinawi, who died in a hail of bullets while stopped at a traffic light on a main road in Tel Aviv just days ago. The most interesting rumor is that Khamenei found out the U.S. completely caught Iranian government involvement in cheating the November 3 U.S. Presidential Election so as to oust Trump, and now knows the U.S. is going to attack Iran ferociously within days; knowledge of which gave Khamenei a heart attack.

    ALL of these rumors are as yet UNCONFIRMED, but the shear volume of this material is such, that there may be truth, at least to word of the death.

    Iranian journalist Momahad Ahwaze has claimed on Twitter yesterday that Iran’s Supreme Leader Ayatollah Ali Khamenei had transferred his powers to his son as concerns about his failing health have mounted and the country faces increased tensions with Israel and U.S.

    Writing in Arabic, Ahwaze said Khamenei had handed power over to his son, Mojtaba Khamenei.

    “Iranian President Hassan Rouhani was scheduled to meet on Friday with the Iranian Leader Khamenei, this meeting between [Khamenei] and President Rouhani was canceled due to the deterioration of Khamenei’s health condition,” Ahwaze wrote.

    Ahwaze went on to say that the cause of the supreme leader’s ill health was not known, assertions about the senior Khamenei which we have not been able to independently confirm, but suggested it could be due to prostate cancer. Ahwaze claimed Khamenei deteriorated overnight.

    We must pray for Halturner since he had twice heart attack so he works hard and he needs be less streesed. We hope it will be last one he had and no more heart attack for him.
    Mohsen BC Int Journalist

  5. Still no Iranian news paer or radio or TV has banned regular programing. With B-52h Bombers dispatch to persian gulf. There must be something happened in Iran. We wait if is true all Iranian
    inside Iran will go out to get thier country back. But still we are waiting from foxnews, or CNN, ?

    Pentagon Orders B-52 Flights To Deter Iran In ‘Show-Of-Force’ Mission
    Profile picture for user Tyler Durden
    The massive warplanes embarked on the 36-hour trip from Barksdale Air Force Base in Louisiana – and is unusual in that it’s the the second such long-range flight by Air Force bombers near Iranian air space within a month. The US periodically conducts ‘show-of-force’ flights to the Middle East and Asia.

    The multinational mission, which included aircraft from Saudi Arabia, Qatar and Bahrain, was routed well outside Iranian air space. The American warplanes were in the broader gulf region for about two hours before returning home, officials said. Two other B-52s from Minot Air Force Base in North Dakota conducted the same type of long-range mission in the area on Nov. 21.

    The flight on Thursday comes on the heels of the assassination last month of Iran’s top nuclear scientist, an attack Iran has blamed on Israel with possible American complicity. The bomber missions also come just weeks before the anniversary of the American drone strike in January that killed a senior Iranian commander, Maj. Gen. Qassim Suleimani, in Iraq.

    Iran has vowed to avenge both deaths. -New York Times

    “Potential adversaries should understand that no nation on earth is more ready and capable of rapidly deploying additional combat power in the face of any aggression,” said Gen. Kenneth F. McKenzie Jr., head of the US military’s Central Command, in a Thursday statement, adding “The ability to fly strategic bombers halfway across the world in a nonstop mission, and to rapidly integrate them with multiple regional partners, demonstrates our close working relationships and our shared commitment to regional security and stability.”

    The Times also claims that President Trump was dissuaded from bombing Iran’s primary nuclear site in the coming weeks – an escalation which the Biden administration, should Trump’s bids at the Supreme Court fail to overturn the results of the election – would need to unwind carefully to avoid appearing friendly to the Islamic Republic. Iran, meanwhile, may not know what to make of the Trump administration’s intentions.

    A senior military official told a small group of reporters before Thursday’s flyover that US intelligence analysts had detected a “planned going on,” which may have included preparations for possible rocket strikes or worse – by Iran and the Shia militias in Iraq that it supports.

    Another senior military official who spoke on condition of anonymity said there was no evidence of a larger, imminent attack against US military personnel despite mounting tensions in the region.

    Over the past year, Iranian-aligned proxies in Iraq have conducted more than 50 rocket attacks on bases where United States troops are housed, as well as on the American Embassy in Baghdad, and launched 90 attacks on convoys carrying supplies to American troops, according to the Pentagon. -NYT

    “In short, Iran is using Iraq as its proxy battleground against the United States, with Iran’s ultimate objective being to eject the United States and our forces from Iraq and the broader Middle East,” General McKenzie said during a November virtual conference on the Middle East. The Times also notes that Iran’s control over the Shia militias in Iraq may have weakened since President Trump ordered the assassination of General Suleimani, who led the elite Quds force of the Islamic Revolutionary Guards Corps.

    Before the daytime assassination of top Iranian scientist Mohsen Fakhrizadeh late last month, believed to have been conducted by Israeli forces, Iran appeared to be laying low in order to ‘wait out’ the Trump administration. Now, military experts worry that the assassination may change the calculus in Iran.

    “The Iranians are going to be in a position where they have to retaliate,” Adm. William H. McRaven, the former commander of the military’s Special Operations Command, told ABC “This Week” two days after the strike. “They’re going to have to save face. And so now the issue becomes, what does that retaliation look like?” Do not say never ever again? Iranian may look calm with death of Ayatoolah Khamanie if is truth , this country for power grab?We ask all USA ships do not give an inch?

  6. Wait till these dirtbags start taxing the air you breathe. Bunch of insufferable grifters.
    This scenario about water was predicted a while back. I remember an article about water and scarcity. Went hand-in-hand with the BS global warming scam, and that bloated turdface bloodsucker, Gore.

  7. Current situationis this Ayatollah Khamanie was transferred at 1 Am Tehran times to the Baghato Allah heart hospital.and PR Rohani visited him as well as all Generals as well. So still we are getting close to see if is truth death or not. Hospital part is truth.
    Disclaimer Always Apply
    Mohsen Int BC Journalist

  8. Unconfirmed Reports: Ayatollah Ali Khamenei Is Dead
    Unconfirmed reports from Iran say the supreme leader, Ayatollah Ali Khamenei, returned his soul to his maker. According to the same reports, an official announcement will be made only after the transfer of powers to his son, Mojtaba Khamenei, are completed (Health Deteriorating, Iranian Supreme Leader Khamenei Transfers Power to Son).

    Sayyid Ali Hosseini Khamenei, 81, was the supreme leader of Iran since 1989. He previously served as the president of Iran from 1981 to 1989. Khamenei is the longest serving head of state in the Middle East, as well as the second-longest serving Iranian leader of the last century, after Shah Mohammad Reza Pahlavi.

    https://www.jewishpress.com/news/politics/unconfirmed-reports-ayatollah-ali-khamenei-is-dead/2020/12/06/
    I still checking all major news papers TV and Radio please give me 4-6 hours time . If is correct or rumors?
    Disclaimer Always Apply

  9. They can always set up some desalinization plants along the left coast. Malibu seems like the ideal place to start?

  10. They had to do something to replace the oil market. Saudi Arabia has them over a barrel (pun intended). Electric cars are doing them in as well. So why not move to water, which everyone needs. It’s a big scam just like the Covid-19 scam. Shameless buzzards.

  11. This isn’t good news. Glad I have a deep well. Still water truck costs about 70$ per 1100 gallons delivered. If you load up irrigation towers it can be spendy already.

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