06-23-2014, 09:46 AM
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dumb libs love censorship
Industry Role:
Join Date: Jul 2008
Posts: 8,198
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Quote:
Originally Posted by BFT3K
So just to be clear, we're able to find billions and billions of dollars to set up deep water oil exploration, but there is no funding for water desalinization plants?
California doesn't have water.
There's plenty of water in the ocean.
How much does California's economy stand to lose, in drought-related agricultural losses alone?
Do the math.
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http://www.mercurynews.com/science/c...t-goes-up-near
Quote:
The agency, which provides water to 3.1 million people in San Diego County, signed a 30-year contract agreeing to buy at least 48,000 acre feet a year.
With that guarantee, Poseidon and its investors were able to sell bonds to finance the project. The company will be guaranteed a rate of return between 9 and 13 percent, depending on operating costs.
Critics say the agency is getting a raw deal.
"It's not a public-private partnership," Gonzalez said. "It's corporate welfare."
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