Texas – Businessman T. Boone Pickens is buying water and lots of it. The 80 year-old king of the cooperate takeover, has set his sights on the twenty-first century’s new oil.

He plans to sell some 65 billion gallons of water a year to the Texas counties and municipalities lying south of his Mesa Vista ranch, where he’s secured the water-rights and become the largest private owner of water in the U.S.

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Source : BusinessWeek