I spend more time than I should following Mr. Market. One source of news is Briefing.com; a free precis' version one can get from Yahoo! and a paid version (which I don't have). Keeping up with the news is helpful.
Here's a piece that came out this evening:
5:35PM American Water: New Mexico American Water's exploratory deep well in Clovis finds little water (AWK) 25.23 -0.30 : Extensive testing of New Mexico American Water's exploratory well into the Lower Dockum Formation has revealed a water source of insufficient quality and quantity to provide a supplemental source to the Ogallala Aquifer. The exploratory well was drilled to determine if the Lower Dockum Formation, which lies below the Ogallala Aquifer, could serve as an additional source of water for Clovis. As the Ogallala declines it becomes more challenging and more expensive to supply water to customers in Clovis. In the past 10 years, New Mexico American Water has gone from 28 wells to 61 wells and is producing 20% less water.
I know nothing about New Mexico American Water, or even heard of it before I saw this item. On the other hand, I have spent the last couple of decades making fun of folks who move to deserts. The human body is about 98% water; we sort of need it. What the item doesn't say is that the Ogallala is drying up. The level of stupidity of 'Muricans remains astounding; and these idiots now run our House. God help us.
06 January 2011
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