For the first question Bill Cole says:
"In the coming decades, fresh water will be more valuable than oil. We need to be thinking now about preserving both the quantity and quality of our fresh water supplies."
I'd just like to post three links which come to mind when thinking about this:
Mike Burry who predicted the sub-prime meltdown is investing in almond farms:
I would think that just as he bought insurance for sub-prime loans that
he predicted were bound to fail -- this is a way that he can invest
in something that he thinks is pretty much bound
to happen -- water shortages.
Morgan Stanley Smith Barney article on water that was sent out about a year ago:
Wikipedia page which discusses water usage:
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