Peak Water

``The price spike in 2007 and 2008 was not a onetime event. It was a foreshadowing of a much more costly future for consumers. The U.N. said global food reserves in 2008 were at their lowest level in 30 years, which was good for only 53 days, compared with 169 days in 2007. Peak oil and peak water are misleading terms. They should be changed to peak cheap oil and peak cheap water. We’ll be able to produce oil and water for decades, but it will cost significantly more to do so. This will result in much higher commodity prices as farming requires prodigious amounts of oil and water to produce the food for the 6.7 billion people that inhabit the planet (8.3 billion projected in 2030).''