If it isn’t clear by now, climate change is a major problem. Last week, we talked about the UN global warming report, which affirmed some of our previous predictions about the crisis. It’s not like we needed them anyhow as we have real life examples to work with. A couple of weeks ago it was 108 degrees all over the Dallas-Fort Worth metroplex, and the Dixie Wildfires are consuming the forests of California. Wildfires have also eaten up beautiful parts of northern Greece, and they are burning away in Siberia, where the taiga biome hasn’t seen something like this ever. These natural disasters have been caused by our warming Earth, which puts us in an existential crisis.
Let’s add another one to the list. For the first time in history, the US declared a water shortage on the Colorado River, the 5th longest river in the United States. This river doesn’t just run into rural areas; nearly 40 million people in the United States and Mexico rely on it, so it isn’t the best thing to happen in an arid area. Officials linked the cut with historic droughts in the area that have been caused by climate change, with the blazing hot air drawing moisture out of the river. Lake Mead, the Colorado River’s largest reservoir, is draining at an alarming rate, and it sits on the border of Nevada and Arizona near Las Vegas, where officials said to expect more action to come. What do you think about this river shortage?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.