Could Texas Run Out Of Water? Wall Street Is Betting Big On It.

More Perfect Union
November 2025


Texas is facing a water crisis, and a billionaire is trying to cash in on it. Investor Kyle Bass wants to take 15 billion gallons of water from the East Texas area every year, sell it to big cities, and cash in. But local residents, lawmakers, and ranchers in East Texas are leading a fierce resistance to his scheme.


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