T. Boone Pickens has declared that “water is the new oil.” And in a sense, Pickens is correct, given the distinct interplay that exists between water, oil and food. If you have water, you can grow food. If you have food, you can manufacture biofuels. And if you have energy, you can produce fresh water through desalination. Pickens, by the way, owns more water than any other individual in the U.S.
Much of the water that exists on this planet is not fit for human consumption. Only about 3% is considered safe to drink. Of that, two-thirds is locked up in glaciers and not available for consumption. That leaves just 1% of total water potable.