A discussion of world water markets and various countries' water policies.

Israel has already taken important steps to address water shortages, but market-based water pricing is the only way for Israelis and Palestinians to secure long term supplies.

The world"s largest countries face future water crises, but Australia points the way forward in water property rights.

Arid countries should adopt Australia's water trading policies.

As much of Asia struggles with water shortages, Australia"s agricultural sector is thriving, despite its worst drought in decades.

Alarmists have been crying wolf about water wars for years, but like many green exaggerations they have a kernel of truth.

The main reason why there is a global water shortage is incompetent management, which causes total inflexibility in allocation--there is plenty of water, it's just used stupidly.

The Federal Consent Decree Fairness Act would free state and local government from court orders that are unnecessary to protect rights, yet prevent states and localities from adopting to the lessons of experience and changing priorities.