“You don’t miss your water …’til your well run dry …” — “You Don’t Miss Your Water” by Otis Redding
That said, the “liquid controversy” of 2014 that has the most telling implications for our future economic health involves not oil, but the availability of potable water. A drought in
On Jan. 9, a leak at a chemical storage facility spilled 4-methylcyclohexane methanol into the
Now, not so much.
Consider the oyster industry in Appalachicola, 75 miles southwest of Tallahassee, which for decades has relied on plentiful, fresh water flowing southward from the north Georgia mountains and headwaters from Alabama flowing down into the Appalachicola River. Now that water flow is partially dammed in
And so the oyster industry isn’t what it used to be. A court battle among these three states that dates back 20 years has yet to resolve this problem of regional water rights.
We are blessed in
The tug of war between energy production and the jobs it produces and the need for clean air and water is a delicate balancing act that will grow more difficult to adjudicate as we move further into the 21st century.
Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, chartered financial consultant and accredited investment fiduciary, is the founder of Arbor Wealth Management, LLC, (850-608-6121 — www.arborwealth.net), a “fee-only” and fiduciary registered investment advisory firm located near Sandestin. This column should not be considered personalized investment advice and provides no assurance that any specific strategy or investment will be suitable or profitable for an investor.