Final Paper - final draft

Final Paper - final draft - John Hebson ECON 4999 12/11/09...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
John Hebson ECON 4999 12/11/09 Time For A Change Water is by far the world’s most precious resource. Nothing cultivates life more brilliantly than water. It has been the subject of many disputes throughout history and will continue to be in the near future. This is especially true for arid regions throughout the world including Africa, the Middle East and the American South West. Luckily, in all of those regions there is a significant source of flowing fresh water. The Nile runs through the North African desert, the Indus, Tigris, and Euphrates run through the Middle East, and in the American South West, there is the Colorado River. The Colorado River runs for over thirteen hundred miles, through seven different states and supplies them with more than four trillion gallons of water annually. The allocation of this vast amount of water has been a topic of much dispute for over one hundred years. One of the most important topics within the umbrella of Colorado’s water allotment is the practice of water transfers from one party to another. This is where the majority of inefficiencies take place and also where they could be corrected. The West has gone through vast amounts of change over the past century and the old system of dispersing and transferring water is in great need of change. Throughout the course of this paper, I will show how the system is very inefficient and then propose and analyze a few different ways in which we can improve the dated legislation. To more fully understand why a system that is so greatly inefficient was allowed to be created, one must first understand a bit of history. In the frontier days when the west was being settled, people held a first come first serve attitude towards their right to the waters of the Colorado River. This attitude played a very large part in the Colorado Compact, which was the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
formal agreement on the allocation of water between the seven states the river flows through. It was signed in 1922 and has not had any great changes made to it, especially in the area involving the transfer of water, since its creation. The Compact set water allocations as outlined in the table to the right. The allocation of water was based on many factors including: how much water a particular state’s environment provides to the river, the population of that state, who claimed first right, and many other political pressures. There are many problems with this allocation which will be addressed in the next section. Why do we Need Change? The foremost of the many problems with the Colorado Compact is in the very foundation of the agreement. The problem is that the total measured flow of the river was inaccurate. The flow measurement was taken over a number of particularly wet seasons which led to an over estimation. The actual average flow of the river is only about 13.2 million acre feet (one acre foot is approximately 326,000 gallons of water) which shows how much overuse of this precious resource has occurred. The largest inefficiency and the main focus of this paper is the issue of
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/28/2011 for the course ECON 4999 taught by Professor Barry,poulson during the Fall '07 term at Colorado.

Page1 / 10

Final Paper - final draft - John Hebson ECON 4999 12/11/09...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online