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
Circle of Blue’s east coast correspondent based in New York. He specializes on water conflict and the water-food-energy nexus. He previously worked as a political risk analyst covering equatorial Africa’s energy sector, and sustainable development in sub-Saharan Africa. Contact: Cody.Pope@circleofblue.org