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Commodities Trading: The threatening water shortage

Posted April 16, 2008

“Water stress was a link between rising food prices, disease and conflicts such as the one in Darfur.” — Chris Mayer

by Chris Mayer

Baltimore – (TFN): I’ll start in the tiny Swiss resort of Davos, the site of the World Economic Summit’s annual conference. Davos has long been a popular place with the well-to-do and those suffering from respiratory ailments. The writer Robert Louis Stevenson wintered here back in 1880. Many others have since.

Today, Davos is a popular spot for world improvers to get together and offer solutions to the world’s many ailments. By world improvers, I mean political types and people with lots of money to throw at endowments and rock stars who like to talk about ending poverty. At Davos, you could easily run into Bill Clinton, Bill Gates and Bono.

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I normally don’t pay much attention to this sort of thing. But the topics that garnered the spotlight were of interest to me. And the fact that these topics figured so prominently in this year’s conference means something. If nothing else, it is another marker along what has been a long road to recognition.

Commodities Trading: A lack of lakes

I’m talking about the unfolding water shortage and its thematic ties to a widening nexus of related issues — including energy, global infrastructure and food supply. As the Financial Times reported: “a central theme of this year’s forum: the growing scarcity of resources, from clean water to affordable food to accessible oil.”

U.N. Secretary-General Ban Ki-Moon told the assemblage at Davos: “What we did for climate change last year, we want to do for water and development in 2008.” He warned that water stress was a link between rising food prices, disease and conflicts such as the one in Darfur. Read on to learn more.

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