Co-Director of the Center for Watershed Sciences at UC-Davis, Jay Lund, joined Yahoo Finance Live to break down the gravity of the drought the Western U.S. is facing and why the water shortage could send food prices higher.
Scientists are calling it a “mega-drought” brought on by climate change. The latest U.S. Drought Monitor Map shows large areas of the Southwest are “exceptionally dry,” the worst category. It’s taking a dramatic toll on the Colorado River system that provides water to 40 million people in seven states — and may force the federal government to make a drastic and historic decision. For more than eight decades, the iconic Hoover Dam has relied on water from Nevada’s Lake Mead to cover up its backside. But now, at age 85, it finds itself uncomfortably exposed. Much of the water the dam is supposed to be holding back is gone.
The most important thing to understand: If you’re reading this, you live in a desert. And you can live in this desert because politicians, scientists and engineers have moved mountains, almost literally, to bring you life-giving water.
The latest brawl in Water World plays out on this backdrop, and what comes out of your tap may well depend on the result. Will it come from recycled waste water? Desalination plants? A giant tunnel or two under the Delta? The answers will, in large part, depend on who’s chosen to lead the gargantuan Metropolitan Water District of Southern California, which provides water to 19 million people from Ventura County to the Mexican border.
Just two years after California celebrated the end of its last devastating drought, the state is facing another one. Snowpack has dwindled to nearly nothing, the state’s 1,500 reservoirs are at only 50% of their average levels, and federal and local agencies have begun to issue water restrictions.
Governor Gavin Newsom has declared a drought emergency in 41 of the state’s 58 counties. Meanwhile, temperatures are surging as the region braces for what is expected to be another record-breaking fire season, and scientists are sounding the alarm about the state’s readiness.
Several industry leaders recently expressed agricultural water concerns to California Lieutenant Governor Eleni Kounalakis. After touring Fowler Packing’s facility in Fresno County, Kounalakis participated in a roundtable discussion with industry members. Representatives from the California Fresh Fruit Association (CFFA), Western Agricultural Processors Association, California Citrus Mutual, and others were all in attendance. Congressman Jim Costa also participated in the discussion. CFFA President Ian LeMay said it was a beneficial meeting, where issues related to drought and the Sustainable Groundwater Management Act (SGMA) were highlighted.
California’s new drought is worsening. After two severely dry winters, reservoirs are shrinking, fire danger is rising and water supplies are looking more tenuous.
The past two years have been the driest in nearly half a century, since 1976-77. How did the state find itself in a new crisis just as the COVID pandemic is fading? Scientists say California’s parched plight largely comes down to two words: “atmospheric river.”
California lawmakers should take prompt action before drought conditions worsen by sending emergency drinking water to vulnerable communities in parched regions of the state, legislative advisers say.
The nonpartisan Legislative Analyst’s Office released a report last week providing recommendations on how to address increasingly dry conditions throughout the state. Based on an analysis of the state’s previous efforts for the last major drought, from 2012 to 2016, analysts said lawmakers should start sending emergency water supplies to vulnerable communities in the San Joaquin Valley region, prepare to remove dead and dying trees that can increase the risk of severe wildfires, and hire additional staff, among other actions.
As more of California sinks into extreme drought, Gov. Gavin Newsom has asked the Legislature to appropriate billions of dollars to address critical water needs. In the “May revise”—an update to the budget proposal he initially submitted to the Legislature in January—Newsom proposes to spend nearly $3.5 billion on water supply and resilience projects, with total investment reaching $5.1 billion over multiple years. The revised budget lays out a number of water-related priorities: providing access to safe drinking water; building water-supply reliability and improving flood protection; immediate drought support; enabling improved data collection and monitoring; and restoring fish and wildlife habitat, reconnecting wildlife corridors and removing barriers to fish passage.
More than a few dystopian fantasies depict a future in which humanity’s water supply derives from recycled human waste. As Frank Herbert imagined it in his 1965 novel “Dune“ — now a much-anticipated fall 2021 blockbuster — the humans inhabiting a dessicated, rainless planet must wear “stillsuits”— a rubbery second skin that captures sweat, urine and feces and recycles them into drinking water.
Last year, for the first time, it became possible to trade water on Wall Street through futures contracts. Normally reserved for commodities like oil or precious metals, water became the latest asset to join the financial market. But how could this practice impact the planet?
The trading in the future prices of highly-prized commodities, where buyers agree to purchase an asset at a set date in the future for an agreed price, began in Japan in the seventeenth century with the trading in rice futures.
The latest commodity to begin trading in futures is water supplied in American’s most populous state, California.
