Here's a nice chart showing water usage of the Colorado River. 55% to grow crops to feed livestock. Only 12% for residential use. There is no water crisis. Water is mispriced and, therefore, poorly allocated.
>There is no water crisis. Water is mispriced and, therefore, poorly allocated.
The reality is slightly different than this. Water has already been allocated. The current price to reallocate is high, and residential users don't want to pay to purchase more allocation from a current owners.
https://www.nytimes.com/interactive/2023/05/22/climate/color...