JUPITER, Florida June 5, 2008 - By 2020, 45% of U.S. water utilities will need repair. That's just one of the reasons that water should become one of the most lucrative commodities of the 21st Century, according to a new report by Weiss Research commodities analyst Sean Brodrick.
- Americans spent $15 billion on bottled water in 2007.
- A United Nations report that the Himalayan glaciers that are sources to Asia's biggest rivers ? the Ganges, Indus, Brahmaputra, Yangtze, Mekong, Salween and Yellow Rivers ? means that they could disappear by 2035 as temperatures rise. It is estimated that 2.4 billion people depend on that water.
- Less than 15% of the Chinese population has access to clean drinking water. China's government will spend $128 billion on water infrastructure in the next five years.
Water is a valuable natural resource and the demand for it is not elastic ? as prices rise, consumption does not decrease," said Brodrick. "Investors should see steady price acceleration as demand continues to surge around the world."
Weiss Research, Inc. is an independent research firm in Jupiter, Florida. Founded in 1971, Weiss Research is dedicated to providing information and tools to help investors make sounder financial decisions and offers its insights in MoneyandMarkets.com.