the humble libertarian

out of many one

Monday, April 2, 2012

Colorado farms planning for dry spell losing auction bids for water to fracking projects

WOW. The west does not have an abundance of water; in fact, water is pretty damn scarce in many places. So what is the Libertarian solution to water rights? Unlike other resources that are specific to the parcel of real estate they occupy, water is stored in monster reserves deep under the ground and these reserves (aquifers) are so huge that they can easily span several states. Is this a case of fracking vs. food? Who owns the water? Who decides who gets the water?
At Colorado's premier auction for unallocated water this spring, companies that provide water for hydraulic fracturing at well sites were top bidders on supplies once claimed exclusively by farmers. The prospect of tussling with energy industry giants over water leaves some farmers and environmentalists uneasy. "What impact to our environment and our agricultural heritage are Coloradans willing to stomach for drilling and fracking?" said Gary Wockner, director of the Save the Poudre Coalition — devoted to protecting the Cache la Poudre River. "Farm water grows crops, but it also often supports wildlife, wetlands and streamflows back to our rivers. Most drilling and fracking water is lost from the hydrological cycle forever," Wockner said. "Any transfer of water from rivers and farms to drilling and fracking will negatively impact Colorado's environment and wildlife." The Northern Water Conservancy District runs the auction, offering excess water diverted from the Colorado River Basin — 25,000 acre-feet so far this year — and conveyed through a 13-mile tunnel under the Continental Divide. A growing portion of that water now will be pumped thousands of feet underground at well sites to coax out oil and gas.
Read the rest here