virtual water trade

Posthaste: There's a new crisis looming in a commodity 400 times bigger than oil

Posthaste: There's a new crisis looming in a commodity 400 times bigger than oil

It’s something we use everyday — couldn’t survive without, actually — and often take for granted. Yet freshwater could run out by 2040 at our current rate of consumption, says a report by BofA Global Research. “Some 75 per cent of our planet is covered with water, yet less than 1 per cent is usable, and even this is depleting quickly,” said BofA equity strategists led by Haim Israel.