2 Responses to “Cadiz EIS / EIR”

1. Bill Turner
   August 7th, 2009 @ 7:12 am

   I guess I resent the opening sentence in the article that calls Cadiz a speculator. This demonstrates a negative bias on the part of the author. All major irrigation projects and the railroads in the western U.S. were initiated on private capital at a time when the U.S. Government was basically beging investors to sink their cash into these projects and many did and lost their investment. In the late 1800s and early 1900s governments began their march towards socialism with “only the government can do it” attitude. The federal approach varied from state to state. In the Newlands project the feds bought everything. In the Lower Rio Grand project they stole everything. Didn’t even bother to get permits. Anyone who invests in water is not speculating. Or you could say that the word invest means to gamble and if you believe that definition, then Wall Street is a gamble and all Wall Streeters are speculators. Speculators need to be able to get in and out quickly. You can’t do that with water. Cadiz made investments and for a while it appeared that the Met was going to award them a $500 million 50 year contract to store and deliver water not unlike the Granite Reef project in Phoenix. Was that speculation.

2. admin
   August 7th, 2009 @ 7:53 am

   Resent it or applaud it, Cadiz, Inc is a speculator. There is no other word that better describes it. As for water storage projects in Arizona, there was water to store. This is not the case with the Cadiz project, which would purely be mining native groundwater after having sought permits using grossly inflated estimates about the recharge rates. This is one of the many flaws glossed over in the highly misleading presentation on the Cadiz, Inc website. Chance of Rain has no bias against private water enterprises provided that they are run well and that the public and shareholders are told the truth. Again, this does not appear to be the case with Cadiz, Inc.

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