This brief examines the need for Texas to implement a long-term solution for securing affordable, reliable energy supplies that relies on a proper understanding of our current situation and market-based innovations.
Water Markets in Texas
Texas water law should be updated to embrace free market transactions that have been incorporated into other Texas statutes governing markets such as electricity, telecommunications, and insurance. Key points: The best instrument for optimizing allocation of scarce water resources is the exercise of private property rights in a competitive marketplace, otherwise known as a water...