Ask Eoin Fahy to name the world’s most precious resource and he doesn’t hesitate to answer.
“It’s blindingly obvious,” he said. “Water is the most essential item in the world.”
That response often surprises people, he said, especially with many investors fixated on the falling price of oil, now at $45 per barrel, down 57% from $107 in June 2014.
Plus, many people living in the developed world often take clean water for granted — just turn on the tap and it’s there. But it is a finite commodity, and it’s slowly disappearing.
By Bryan Borzykowski