Water is the most regulated resource in America and most of the laws controlling its use are more than a century old. But as the thirst for water keeps growing in America, so does the realization that something has to change. It helps sellers of water challenge the regulations, in court if necessary, and if successful, opens bids for buyers. Azurix gets a cut of the sale and it says it also helps ensure water is not wasted. But a freer water market alarms some.
Governments control water use because it is critical to human and animal survival.
The debate is only beginning, but like water, time is running out. But there is little else the town can do. The Web Copyright 2000 ABC News Internet Ventures.