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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: DinoNavarre who wrote (200030)11/21/2019 2:47:40 PM
From: Elroy Jetson1 Recommendation

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DinoNavarre

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The "Sustainable Groundwater Management Act" (SGMA), promoted by big farming corporations, like Boswell, with established water rights, gives each local water district complete autonomy over who gets to pump the available ground water. All of the drama has been and will be local pitting one farmer against another.

Up to this point land subsidence from ground water pumping has been destroying farms and farm towns. One farm town finally received rain when the drought ended, but the town had subsided so much during the drought that the farm town and much of the farmland ended up completely under water, likely now a permanant lake as it takes years for the water to percolate down to the water table.

Chevron has created a nice business cleaning up produced water from deep oil wells and selling it to farm towns who have pumped their drinking water wells dry. Of course this water is too costly for most farms, as are even more costly water projects which would spend huge sums importing water from far away.

Each water district has had five years to establish rules for who gets to pump water and when. I anticipate a lot of very profitable corporate farms are going to be offering to pay good prices for the water rights owned by marginal farms whose owners will go do something else.

Capitalism on parade
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