InvestorsHub Logo
Followers 1080
Posts 106002
Boards Moderated 55
Alias Born 11/22/2003

Re: mick post# 563

Wednesday, 08/13/2014 12:54:09 AM

Wednesday, August 13, 2014 12:54:09 AM

Post# of 865
Las Vegas Will Go Dry If Water Levels Drop 7% Further - Lake Mead Hits Record Lows
Tyler Durden's pictureSubmitted by Tyler Durden on 08/12/2014 16:47 -0400

Las Vegas Mexico Morningstar

Six weeks ago we highlighted how "screwed" Las Vegas is as the
ongoing 14-year drought weighs on water levels.
Today, AP reports, Lake Mead - the main source of fresh water for
Las Vegas and its 40 million visitors - just hit record low levels
at 1080 feet.
Most concerning - at 1,000 feet, drinking water intakes will no
longer function and Las Vegas will go dry.
As analysts concluded previously, "unless it can find a way to get
more water from somewhere, Las Vegas is out of business.
Yet they’re still building, which is stupid."
As AP reports,

Once-teeming Lake Mead marinas are idle as a 14-year drought
steadily drops water levels to historic lows.
Officials from nearby Las Vegas are pushing conservation, but are
also drilling a new pipeline to keep drawing water from the lake.

Hundreds of miles away, farmers who receive water from the lake
behind Hoover Dam are preparing for the worst.

...

The lake has dropped to 1,080 feet above sea level this year -
down almost the width of a football field from
a high of 1,225 feet in 1983.

A projected level of 1,075 feet in January 2016 would trigger cuts
in water deliveries to Arizona and Nevada.



At 1,000 feet, drinking water intakes would go dry to Las Vegas, a
city of 2 million residents and a destination for 40 million
tourists per year that is almost completely dependent on the
reservoir.


...

Bagnall, who owns Morningstar Farms in Coolidge, Arizona, worries
about the future of farming in the region. Tighter supplies mean
there will be less farming and fewer dollars going to agricultural
services like fertilizer suppliers.

"Eventually," he said, "the prices are going to hit the consumer.
Sooner or later, it's got to go up.
So it's just a domino effect."
As we concluded previously,

One proposal is for landlocked Nevada to pay billions of dollars
to build solar-powered desalination plants in the Pacific off
Mexico, taking Mexico’s share of Colorado River water in exchange.

But Mr Mrowka said:
“The Colorado is essentially a dying river.

Ultimately, Las Vegas and our civilisation in the American South
West is going to disappear, like the Indians did before us.”
* * *
The bottom line - get there now, watch the fountains, drink the
water, swim in the lake... (and sell your house)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105159839
GOD Bless




My opinions are my own and and DD I post should be confirmed as unbiased

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.