Science Fiction
Dictionary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 |
Venture Capitalists Fight Over Water
Water is essential to human life and to corporate life; great supplies of clean water are needed in many industrial processes. If the investments of a famous Texas oil man are any indicator, the fight over water is just getting started.
T. Boone Pickens is a member of the Forbes 400 with an estimated net worth of over $2.7 billion. His fortune is based on oil and gas. Where is he placing his investments now?
Water rights. His new company, Mesa Water, has been buying up ground water rights in Roberts County, Texas - 200,000 acres in all. He says that over a 30-year period, he expects to make more than $1 billion on his investment of $75 million. Pickens wants to take the water from the Ogallala Aquifer and pump about 200,000 acre feet of groundwater annually to El Paso, Lubbock, San Antonio, or Dallas-Fort Worth - for a price, of course.
(Water rights cost)
Pickens has no qualms about charging people for water and has a ready quip for those who think it wrong to do so. “I know what people say - water’s a lot like air. Do you charge for air? ’Course not; you shouldn’t charge for water,” says he. “Well, OK, watch what happens. You won’t have any water.”Of course, Pickens is right. Many others are coming to the realization that water is too cheap. Hence, water rights are a great buy today.
Science fiction fans may recal Tank Girl, a dystopian film set in 2033. Water is scarce and a corporate monopoly, Water & Power, controls it. Outlaw groups seek to become "water-independent" by trying to sink a well in the basement of a house.
Read more in T. Boone Pickens invests in water and Water is the new oil; thanks to Moira for pointing this story out.
Scroll down for more stories in the same category. (Story submitted 8/6/2008)
Follow this kind of news @Technovelgy.| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |
Would
you like to contribute a story tip?
It's easy:
Get the URL of the story, and the related sf author, and add
it here.
Comment/Join discussion ( 2 )
Related News Stories - (" Engineering ")
When Colds Threaten You Can't Do This - Or Can You?
'...a hemispherical force field enclosing his head.' - FL Wallace, 1955.
MAI-Voice-2 Microsoft Text-To-Speech
'I made disks of my own voice to the number of five hundred very carefully chosen words.' - Nat Schachner, 1937.
Prufrock-MB2 Ready In Nashville
'It sounds to me as though you had invented a kind of metal earthworm.' - Paul Ernst, 1936.
US Army IBEX Exoskeleton Walks Troops Out Of Danger
'The suit stands up and starts walking, gripping me round the calves and waist, taking the bulk of my weight off my throbbing feet.' - Iain Banks, 1987.
Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.
Science Fiction
Timeline
1600-1899
1900-1939
1940's 1950's
1960's 1970's
1980's 1990's
2000's 2010's
Current News
Robot Bees 3D Printed By Festo
'At first I was struck by the large size of these bees..'
DIY Robot Scorpion Crushes It
'...it raised its front end off the ground and waved its antennae at them, then raised one armoured claw as if to snip them out of the sky.'
How To Settle An Argument Between Two Robots
'Henry... assumed the curious absent look of a robot talking on the TBR circuits.'
The Wind Phone Calls Those Who Have Passed On
'Only I heard that!'
Don't Want To Wear A TIght Shiny Bodysuit?
'He looked a good bit like an elderly, fat beetle.'
Light Society: Simulates Earth-Scale Society With A Billion AI Agents
'The king, an old hand in the running of tyrannies, instantly grasped the directions...'
Satyress Centaur Robot Horror Reminds Everyone Of Something
'Fess was very dutiful'
When Colds Threaten You Can't Do This - Or Can You?
'...a hemispherical force field enclosing his head.'
Beautiful Visualization of Dawn Spacecraft
'Then he became aware of a gentle pressure pushing him away from the ship.'
Biological War: A Scenario
'And now they wre busily transforming all their companions, and so on, and so on...'
Pole-Dancing Stripperbot Robot
'Why, a clockwork dancer, or, better still, one that would go by electricity and never run down...'
Collective Superintelligence Is At Hand!
'Maybe the individual intelligence of each Cubic pools into a group intelligence...'
Instant Journalists: Ordinary People With Cell Phones
'We'll show them whose planet this is!'
Health Kiosk Has No Human Doctor
'The electronic body analyzer had been developed...'
Meta's Horizon Studio's Unique Avatars From Text Prompts
'Looks like she has bought the Avatar Construction Set and put together her own...'
VaMEx Biomimetic Mars Robot Inspired By Skink
'Across the ground something small and metallic came, flashing in the dull sunlight of midday.'
