Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • Special Report: FOOD SHORTAGE: Crazed Hoarding Is Not Preparing
    • Your Survival Guy’s Super States
    • Constitutional Carry
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
    • Your Survival Guy: Make Your Bed and The Hero Code
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • January 2023: Stacking Wood and Compounding Money
    • December 2022: Your Survival Guy Prefers Bombardier’s Global Express 7500
    • November 2022: Arriving in Style at Le Bristol Hotel, Paris
    • October 2022: Sink Your Teeth into These Bond Yields
    • September 2022: Do You Have the 7 Habits of Highly Effective People?
    • August 2022: “Watch This Boat off Our Stern,” My Dad Said “He’s Coming in HOT”
    • July 2022: MONEY TALKS: Your Survival Guy’s Best Service in Paris
    • June 2022: “I’ve Been with Richard Young for Over 30 Years Now”
    • May 2022: Survive “If You Fail to Plan, You Plan to Fail”
    • April 2022: Dream On! Fishing the Double Down in Key West
    • March 2022: Your Survival Guy Hears the Craziest Investing Stories
    • February 2022: Your Survival Guy’s 2022 Super States
    • January 2022: The Least Affordable Housing Market in the U.S.
    • December 2021: Listen Your Survival Guy is not “Mr. Peanut”
    • November 2021: Joe Biden is Weaponizing Your 401(k) Against You
    • October 2021: Time to Get Your Lazy Cash Off the Couch
    • September 2021: What’s Your Survival Guy Investing in Right Now?
    • August 2021: To Where Will You Flee?
    • July 2021: This Bubble’s Popped Baby
    • June 2021: Your Survival Guy’s Summer Job, Inflation & You
    • May 2021: You’re Telling Me Friends Ask You This Question
    • April 2021: Is There One Best Place in America for ‘Liberty Retirees?’
    • March 2021: America’s Growth Corridors
    • February 2021: Troops in D.C. & Your Authoritarian Virtual Panopticon
    • January 2021: Are You Ready for The Great Reset?
    • December 2020: Disaster Prep in Our Newport Bunker and Your Survival
    • November 2020: Election 2020 Edition: Stock Market is Predicting a Trump Win
    • October 2020: You Invest They Win, AGAIN
    • September 2020: Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
    • August 2020: The Clock is Ticking: You Must Protect Your Family
    • July 2020: What Will Her Life Be Like Now?
    • June 2020: Your Survival Guy’s Home (and Money) Protection Plan
    • May 2020: Future Look at Covid-20, or the Next Deadly Virus
    • April 2020: Only Trump Saw the Risk in America’s Relationship with China
    • March 2020: Coronavirus Infects Stock Market
    • February 2020: Escape the City: Live Small, Cheap, and Safe in America
    • January 2020: Is Your Cash Safe? Probably not This Safe
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

WATER STORAGE: California’s Missed Opportunity

January 18, 2023 By E.J. Smith - Your Survival Guy

A black raven flying from a Joshua tree towards the sunset in Joshua Tree National Park, California, U.S.A. By Papuchalka – kaelaimages @ Shutterstock.com

When you’re a child, you learn not to leave the water running. You learn to conserve. That might be a good lesson for the government. Look what’s happening in California with their water storage or lack thereof. The editors of The Wall Street Journal explain:

More reservoirs are desperately needed in the North to capture melting snowpack that would otherwise drain into the Pacific or overflow river banks. Reservoirs store runoff and help prevent flooding. Most reservoirs in the North are now above historical average levels so they may have to release water this spring to avoid overflowing.

State voters have approved eight water bonds since 2000 that authorize some $27 billion in funding for various water projects, but little of the money has gone to storage or flood control. That’s because politicians buy off green support for water bonds by promising to spend a large share of their proceeds on ecosystem restoration.

Only $2.7 billion of a $7.5 billion water bond that voters approved in 2014 was allocated for storage. None of the seven storage projects selected by the state for funding has begun construction. Blame in part a government permitting morass. Most aren’t expected to be completed until the end of this decade, assuming they aren’t marooned by lawsuits.

Voters support water bond measures because they think the money will be spent on drought preparation. But it never is. Liberals use droughts and floods to campaign for water bonds that end up funding pet environmental causes. Rinse and repeat. Mr. Newsom last week floated another bond measure for water projects and wildfire mitigation.

If water projects are a political priority, why not finance them with general tax revenue as the state does climate programs like electric-vehicle subsidies? Perhaps because borrowing for water projects allows the government to spend more on other things. As a result, taxpayers wind up paying more for debt service.

Californians are also having to pay much more for water owing to restricted supply. Central Valley farmers and Southern Californians have been slammed by rising water rates. The Nasdaq Veles California Water Index, which tracks the spot price for water in the state, has more than quadrupled over the past three years.

Some local water districts have invested in desalination and wastewater reclamation, but these are expensive. The state is also paying farmers up to $2.5 million to leave fields fallow. About 531,000 acres were left unplanted last year. That’s one reason California’s Central Valley boasts five of the 10 metro areas with the highest unemployment rates in the country.

California’s problems never stay in California. Its profligate water policies are straining the overburdened Colorado River, which supplies six other states and California. Recent storms aren’t expected to bolster Colorado, and federal officials are threatening to restrict supply for all seven states if they don’t reach an agreement to curb usage by the end of this month.

Action Line: When the government wastes it’s up to you to be your own ruler. If you live in California, or anywhere, you need to be the person responsible for your family’s water security. If you don’t know where to get started, download my free special report Emergency Water Storage: How Much, Containers, Purification & More, and supplement it with my free report specifically on rainwater storage, WATER SECURITY: How to Save Rainwater Effectively.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • Warren Miller: If You Don’t Do It This Year, You’ll Be… - January 30, 2023
  • Your Investment Focus Is the Foundation for Success - January 30, 2023
  • CATO: Global Freedom Is in Sharp Decline - January 27, 2023
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic - January 27, 2023
  • Biden Administration Destroying Retiree Fiduciary Protections - January 27, 2023

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Money 101

Trending

  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Invest with Peace of Mind and Comfort
  • LOSING POWER: Your Survival Guy's Nightmare Scenario
  • Welcome to Hotel California, Where You Can Never Leave
  • The Importance of a Balanced Portfolio
  • Stocks Go Up and Down: Get Paid Along the Way
  • Your Survival Guy's 2022 Super States
  • The World Economic Forum's Record of Destruction
  • America's Super States and Stocks that Respect YOU
  • Don't Let Your Lazy Cash Eat all Your Food

Must Reads

  • Your Survival Guy: Simple Prepping for Winter Storms
  • BIDEN-FLATION: Here’s Why Prices Are Up At Your Favorite Restaurant
  • Americans Fleeing High Tax States for Growth Corridors
  • GAME ON! Lessons from Street Hockey on Baker Lane
  • Why Mutual Funds and ETFs No Longer Work
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • CRIME WAVE: A Top Cop Shouldn’t Have to Ask His City for This
  • Why You Can’t Afford to Miss the Boat
  • Your Job as an Investor Is Not What You Think
  • Your Survival Guy Prefers Bombardier’s Global Express 7500
Only if You’re Serious
Crazed Hoarding Is not Preparing
How to Save Rainwater Effectively
Your Survival Guy in Paris
Your Survival Guy's Fishing Stories
Financial Independence, Retire Early
Money 101
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
How Can You Save Money for Your Grandchild
Great Reset
See Who's Missing the Boat
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Island Life

Copyright © 2023 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.