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White is preparing to invest $24 million in a plan to ship 132 million gal. of pristine lake water every week via specially lined oil tankers to prospective buyers (whom he declines to name) in the Southern U.S. and elsewhere. Canada's provinces prohibit bulk water shipments, on environmental grounds. Still, White's prospects have improved with official hints that Newfoundland's ban might be dropped--and with court challenges arguing that such bans are illegal under terms of the North American Free Trade Agreement. Says Bill Turner, who runs WaterBank.com an enterprise based in Albuquerque, N.M., that locates...

Author: /time Magazine | Title: Hot Commodity: Exporting Fresh Water | 8/13/2001 | See Source »

Although bottled water is already a $30 billion global industry, the technological challenge of shipping bulk quantities of freshwater between distant points and distributing it to customers has so far stumped some major would-be players. For example, Azurix, a water-retailing company and a subsidiary of the energy multinational Enron, is struggling. "Enron thought it could use its expertise as a commodity trader to market water like energy," says Debra Coy, a water analyst with Charles Schwab. "But water is more complex politically...

Author: /time Magazine | Title: Hot Commodity: Exporting Fresh Water | 8/13/2001 | See Source »

...even in New York State that are crazy for water," steamed Mayor William Ruoff, who added that inquiries had come from as far away as Texas and Switzerland. "Why shouldn't we help them when we have water to spare?" Not to mention village coffers to line. At current bulk-water prices of $2 per 1,000 gal. for shipping within the U.S., Webster stood to earn as much as $2 million a year from the scheme...

Author: /time Magazine | Title: Hot Commodity: Exporting Fresh Water | 8/13/2001 | See Source »

...planning to build a five-mile pipeline to carry water from Gisborne Lake to Newfoundland's southern coast, then pump it into tanker ships. White estimates it will cost less than a penny a gallon to get water from the lake to his potential buyers. Bulk water now sells for about 2[cents] per gal. in the U.S. At 66 million gal. a shipload, twice a week, that's a lot of pennies...

Author: /time Magazine | Title: Hot Commodity: Exporting Fresh Water | 8/13/2001 | See Source »

...could have imagined in the heady late '90s that the Web would become a mausoleum preserving the celebrity afterlife of fallen stars? Back then it seemed the Internet would be the exclusive domain of radical, paradigm-busting new concepts, like ordering pet food in bulk. Now some of the oldest, most forgotten names in Hollywood have found in the Net a follow spot that, in theory, never dims. They've set up websites acclaiming their careers, personal lives and, in truly alarming numbers, shilling products imbued with their glamour. There's no easier way, fans, to purchase a genuine Buddy...

Author: /time Magazine | Title: Starting Time | 8/13/2001 | See Source »

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