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Wall Street starts trading water futures

Wall Street starts trading water futures

The CME has launched futures contracts tied to the spot price of water for the first time ever. The contracts, tied to the $1.1B California spot water market, allows investors and farmers to bet on the future price of water. Contracts will each represent 10 acre-feet of water, equal to 3.26M gallons. According to the UN, water shortages could affect around 5B people worldwide by 2050.

Timothy
Timothy
ConcealCarryProtect
ConcealCarryProtect 2 months

Already most major cities have made it illegal to collect water when it rains in rain barrels. You don't have rights to mineral 12" under your property. You can't have a structure above a certain height on your property You can't build on your property without proper paperwork and fees.

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