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WATER FUTURES COMMODITY START UP?

Original post made by WATER FUTURES COMMODITY on May 29, 2014

This posting is intended as satire to gather thoughts and mind sets in developing a water futures market as a commodity. Any interest out there in getting into the water futures commodity business? Starting price today is $250 per acre foot. The $250 per acre foot is what water is going for today.

Comments (3)

Posted by Count Me In!!!, a resident of Another Pleasanton neighborhood
on May 29, 2014 at 3:24 pm

Web Link


Posted by liberalism is a disease, a resident of Birdland
on May 29, 2014 at 6:12 pm

liberalism is a disease is a registered user.

Sure,why not. All futures and stock trading is like gambling anyway, so why not start taking odds on rainfall. The only problem is that the local water districts would have to be involved and want their cut and would inevitably manipulate the supply....but, then, I guess they do that now to keep rates as high as possible.


Posted by Michael Austin, a resident of Pleasanton Meadows
on May 29, 2014 at 6:53 pm

One acre foot of water is 43,560 square feet filled twelve (12) inches deep with water. That is approximately 525,000 gallons of water. One unit of water as measured through the residential water meters in Pleasanton is 748 gallons. A 10,000 square foot property in Pleasanton with fruit trees, a front and rear lawn and a substantial garden will use 40 units of water June through September. That same property will use 10 units of water October through May each billing period. That amounts to approximately 180,000 gallons of water. That 180,000 gallons of water is billed by the city to the user at a total cost over one year of approximately $600.00.
The $250.00 per acre foot is a good investment in commodity.


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