It is predicted that clean water will one day be more valuable than oil. Do you

Question

It is predicted that clean water will one day be more valuable than oil. Do you think this is plausible? Why or why not? Summarize some of the threats to clean water. Contrast this to your local water source. Do you know the source of your drinking water (local river, aquifer, or reservoir?). What are possible contaminates where you live?

In your response to another student, compare the water challenges in your area with the ones discussed by another student in his/her post. Does your area suffer from droughts? Floods? Contamination? You might also share an experience where you have had limited water resource and explain what that was like.

Explanation / Answer

Water has become the most valuable commodity in the world today and is likely to remain so for much of this century .Oil,natural gas, renewable energy ,all of these have been scrapped form the list. It’s water—clean, safe, fresh water which is need of the present and also future.

When you want to analyze the emerging trends, always follow the flow of money. Today, many of the world’s leading investors as well as most of the successful companies are making big bets on water. The reason is because there simply isn’t enough freshwater to go around, and the situation is expected to get worse before it gets better.

According to Bloomberg – a leading research company, the worldwide scarcity of usable water worldwide already has made water more valuable than the oil. The Bloomberg World Water Index, which tracks 11 of the utilities, has already returned 35 % to investors every year since 2003, compared with 29 % for oil and gas stocks and 10 % for the Standard & Poor's 500 Index.

Freshwater is becoming more scarce .The United Nations has estimateed that by 2050 more than two billion people in 48 countries will lack sufficient water.

Threat to the freshwater :-

If global warming continues at thus rate,and it continues to melt glaciers in the polar regions, as expected, the supply of freshwater may drastically decrease. First, freshwater coming from the melting glaciers would mix with saltwater in the oceans and become too salty to drink.

Second, the increased ocean volume will cause trouble by increasing sea levels, contaminating freshwater sources along coastal regions with seawater.

Matters even get more complicated when we know, 95 % of the world’s cities continue to dump raw sewage into rivers and other freshwater supplies.Thius makes it unsafe for human consumption.

Other threats are:-

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