From The Gazette :
“Speculation in and of itself is not a bad thing, either,” said Steven Greenhut, a water expert with R Street Institute , a public policy research organization. “I mean, it’s just a normal market process. There’s a new water market that’s been created where people can buy and sell a futures.”
Having a market to trade water as a commodity means pricing can provide signals about what is happening on the ground, Greenhut said.
“Anti-speculation laws actually discourage water banking and other collaborative approaches to saving water,” Greenhut said.
- “The Gazette”: https://gazette.com/premium/residents-in-parched-colorado-county-fight-water-speculation/article_874313c4-c3d9-11eb-81d2-0b3b669c3232.html
- “R Street Institute”: https://www.rstreet.org/team/steven-greenhut/