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Citi’s Top Economist Says The Water Market Will Soon Eclipse Oil

July 30, 2011

Full Article at http://www.businessinsider.com/willem-buiter-water-2011-7

By Gus Lubin

Citi economist Willem  Buiter tells clients to invest in the  water industry which will soon become hotter than oil (via FT  Alphaville):

I expect to see in the near future a massive  expansion of investment  in the water sector, including the production of fresh, clean water from other  sources (desalination, purification), storage, shipping and transportation of  water. I expect to see pipeline networks that will exceed the capacity of those  for oil and gas today.

I see fleets of water tankers (single-hulled!)  and storage facilities that will dwarf those we currently have for oil, natural  gas and LNG. I see new canal systems dug for water transportation, similar in  ambition and scale to those currently in progress in China, linking the Yangtze  River in the South to the Yellow River in the arid north

Read more: http://www.businessinsider.com/willem-buiter-water-2011-7#ixzz1TdIRG6pc

Full Article at http://www.businessinsider.com/willem-buiter-water-2011-7

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