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Re:California Imposes First-Ever Water Restrictions to Deal ... by tveita on Wednesday April 01, 2015 @04:27PM (#9306602)
Of course, even if they're taking from their own well they're draining the groundwater just as effectively. It's hard to see how a market based solution wouldn't turn into a tragedy of the commons without enforcing limits on the extraction.
Re:California Imposes First-Ever Water Restrictions to Deal ... by jconley on Wednesday April 01, 2015 @04:38PM (#9306694)
Yes, California's historical (lack of) ground water regulation and tracking was/is disturbing. Nobody has any idea how much is there or how much we are actually using.

There are limits on extraction going into effect [0], but it may be too late by the time they are supposed to happen.

[0] https://www.hcn.org/issues/46.19/californias-sweeping-new-gr...

Re:California Imposes First-Ever Water Restrictions to Deal ... by vgabios on Wednesday April 01, 2015 @08:07PM (#9307864)
A reality-denying, industry shill politician espouses: "Sinkholes arising from rapidly plummeting aquifers will boost the economy as tourist attractions. Water will be affordably trucked in and desalination is getting cheaper all the time. Problem solved."