“If we priced water accurately, there wouldn’t be any water shortages, period. It would eliminate, surely, 80 or 90 percent of the distributional problem,” says Bruce Babbitt, Secretary of the Interior under President Clinton. “We have essentially built a water supply culture in this country which says water should essentially be free. And you see the results in the way water is used, particularly in the arid regions of the west.” – via CNBC.

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