Daily Management Review

Jim Rogers On The Coming Water Wars


05/18/2015


A well-known American businessman and investor Jim Rogers said that in many parts of the world a real war over water, which is now becoming more and more valuable resource can begin.



Reuters
Reuters
- Water is one of the biggest challenges of our time - Rogers said in an interview with marketing agency Sinclair & Co.
 
- If the Middle East eastern from the Red Sea gets the war over oil, then the western will fight for water, because there are serious problems with water in the region. We are also faced to challenges in the western United States due to the depletion of a large aquifer.

Problems with the water occur in many parts of the world. The main news is now are associated with California, but it's not the only place that is in danger.

According to the investor, the huge water problems exist in China:

- China has got gigantic water problems. First they have the water in the wrong place and second the water is filthy, terribly polluted in many cases. So the Chinese know that and they are spending a lot of money trying to figure that out. So someone is going to make a lot of money in China helping them to solve their own water problems.

There is a good opportunity right now, Rogers says: it is enough to figure out how to move water and get them clean, and you can become very rich.

Of course, humanity is faced with a number of technological limitations. For example, the water becomes much more expensive when it has to be transported or cleaned. Based on this trend, the water must be very expensive, or simply humanity will move after the available water resources, says Rogers.

- Water is the most important definition of civilization. I have traveled around the world a couple of times and I have seen whole societies that have disappeared because the water has disappeared. People can survive the recession and war, revolution and starvetion, plague, but they cannot survive without water. We have to move on, or water will be very expensive, but we have to move to have access to water, - said the American investor.

He noted that he believes in the success of China, though, if the problem with water is not resolved, it will no longer be the history of China. In India, the situation is even worse, especially in its northern part. At the same time, India is home to around 1 billion people.

Add to that the population of China, and you will see that the problems are affecting most of the world's population.

- Water gives a great opportunity. I have not found evidence that there are public companies. I'm sure they are, I'm just too lazy to find them. But I would like to find water players - significant and serious - said Rogers.

For the majority of the players in this market, the problem is a clear distinction between ownership. In almost all regions of the world only state and the people can hold water. It is virtually impossible to get in private hands.

- The problem with water is that you cannot possess it, - said the creator of Rogers International Commodities Index (RICI). - If you do this when a political crisis comes, you'll be hung out in a square, because you are using the right to water given by God. And they will curse you. But if you find a way to solve the problem of water, they will build you a monument. You will be rich.

source: businessinsider.com






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