A while ago, in a article about investment opportunities, we concluded that water was the new oil, the commodity that would provide one of the the best returns in the future. A bit hyperbolic, maybe? But there is another aspect of water relevant to resource industries, namely that its scarcity will inhibit or raise costs of resource development, including that of oil and gas. Take fracking, which made America’s petroleum industry great again. It requires large quantities of water. And after the fracking, the drillers have to do something…
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