Thursday, March 19, 2009
Oil and Water
The Wall Street Journal has a great story on the oil and gas industry gobbling up junior rights on the Colorado River. Their information comes from Western Resource Advocates. You can read their report here.
The oil boys are waiting for the moment to use all the water it can get its hands on for oil shale development. One million people in New Mexico are currently supported by water from the Colorado.
A barrel of oil will require about four barrels of water to extract it from the shale. This is water that could be taken out of uses that wont speed climate change. This doesn't even address the resulting wrecked landscapes from developing oil shale regions.
New Mexico must protect its interests in this water grab.