For Immediate Release:
June 28, 2006
Contact: Ian Mathias, 410-864-1652, imathias@agorafinancial.com www.dailyreckoning.com - Fresh Water: A New Global Crisis and the Next Precious Commodity Baltimore, MD: As global manufacturers scramble to find solutions to an impending resources pinch, a separate and more daunting dilemma has come to fruition. Recent studies have revealed that the lack of potable water will hospitalize over a billion people this year alone and will soon cost governments and taxpayers trillions of dollars. One expert believes that the way we value water is destined to completely change. "Half of all hospital beds in the world are occupied by someone suffering from a water-related illness," said Eric Fry, a Wall Street veteran and resources expert. Fry contends that dirty water's increasingly devastating affect on the global population will force nations to spend. "Every populous country in the world will be spending billions of dollars - if not trillions - over the next 20 years to install and upgrade its water and wastewater infrastructure." "Investing in water is an investment in a certain future," said Fry, who believes the only silver linings in this impending problem are solid investment opportunities. Commodities like gold and oil have been sharing the spotlight as of late, but Fry believes that much of the future lies in water. Along with co-author Chris Mayer, a contributing editor to The Daily Reckoning, Fry will release an investment report on Friday titled "Blue Gold." The report will aim to highlight organizations that stand to gain from a water crisis. "The U.S. will spend $1 trillion over the next two decades to upgrade its decrepit water infrastructure," said Fry, who believes Americans are just as vulnerable to the upcoming calamity. Many U.S. water infrastructures date back to the early 20th century, and rapidly decaying pipes could change American lives both physically and financially. While current oil shortages have plausible solutions like ethanol and coal, Fry believes that our basic need for water, and water alone, could create a commodity far more valuable than oil. "Unlike other commodities, the demand for water is unwavering and certain," said Fry, "and no 'alternative' water will present itself in the future." For more, visit: Dirty Water, Clean Profit Eric J. Fry, contributing editor to The Daily Reckoning and editor of The Rude Awakening, has been a specialist in international equities since the early 1980's. With over a decade of professional portfolio management experience, Fry's well-respected familiarity has made him a regular on television financial news programs and a frequent contributor to selected investment research publications. Brought to you by Agora Financial, and written by the New York Times best-selling authors, Bill Bonner and Addison Wiggin, The Daily Reckoning is a daily, free e-letter that weaves information about the financial world, investing, and everyday life into an educational and entertaining format that has been engaging readers for over seven years. SOURCE: http://www.dailyreckoning.com ### | 
