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Posted Fri Aug 22 2008: from The Economist (UK):
Everyone knows industry needs oil. Now people are worrying about water, too http://apocadocs.com/s.pl?1219433294
Goldman Sachs, an investment bank, estimates that global water consumption is doubling every 20 years, which it calls an "unsustainable" rate of growth. Water, unlike oil, has no substitute. Climate change is altering the patterns of freshwater availability in complex ways that can lead to more frequent and severe droughts. Untrammelled industrialisation, particularly in poor countries, is contaminating rivers and aquifers. America's generous subsidies for biofuel have increased the harvest of water-intensive crops that are now used for energy as well as food. And heavy subsidies for water in most parts of the world mean it is often grossly underpriced -- and hence squandered.
[Read more stories about: water issues]

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