Several years ago, I wrote a lengthy article in KONK Life concerning the severe drought California was experiencing. A contributing factor was the cheap price bottled water companies were paying for water.
Companies such as Nestle were paying city rates. The same rates homeowners were paying. Water was costing bottled water companies less than a penny a bottle. Consider at this moment how much you pay for a bottle of water. The profit margin astronomical.
The problem has reared its ugly head again in Evart, Michigan.
Evart has huge supplies of groundwater. Nestle has an existing contract with Evart to withdraw 945 litres per minute. Nestle wants to expand its taking to 1,500 litres per minute. Amounts to 4.2 million bottles of water in a 24 hour period.
Evart’s citizens are opposed. A temporary ban has been obtained precluding Nestle from extending the limit.
Cost a major consideration. The question raised is why the bottling companies can purchase water from the City at the same rate as a homeowner and then turn it into a huge profit when bottled and sold. The thrust is the bottling company should pay more. Another consideration is Evart might need the water itself at a future time.
Bottled water is bottled gold. Water has become the most consumed beverage in North America. In addition to Nestle, Pepsi and Coca Cola sell huge amounts of Aquafina and Dasni. Pepsi and Coca Cola paying city rates also.
The profits once again massive.
Consider present day California. Nestle has a 20 year supply agreement with the U.S. Forest Service to take California groundwater. The price paid $0.000001 for the water in each bottle.
Ten years ago, fresh water was considered the best long term investment over the next decade. An astute observation!
Interestingly, bottles labeled “pure spring water” are generally merely fresh groundwater.
Detroit’s water is still foul. A major problem. Excess water in other parts of Michigan are not being made available to Detroit directly. Why?
China comes into play. Only 12 percent of China’s 1.35 billion citizens have access to fresh water. U.S. major bottling companies are set to rake in big dollars once the China market is developed.
Nestle, Pepsi, and Coca Cola are examples of corporate America controlling a life necessary item. The price of bottled water off super market shelves will increase dramatically over the years.
Such is inevitable.
Enjoy your day!