NEW TEXAS OIL. “T. Boone Pickens thinks water is the new oil—and he’s betting $100 million that he’s right. Pickens owns more water than any other individual in the U.S … He hopes to sell the water he already has, some 65 billion gallons a year, to Dallas, transporting it over 250 miles, 11 counties, and about 650 tracts of private property.”
http://www.businessweek.com/stories/2008-06-11/there-will-be-water