What you're about to read is the most underreported commodity story of 2021... And without exaggeration, this might also be the most important article you've read all year. It has to do with the most precious resource known to humankind... Water. You see, right now, few investors are noticing that water is becoming more valuable than ever before. And no wonder demand is rising... Water is becoming scarcer and scarcer by the day. Just look at the recent news... According to August 2021 data from the U.S. Drought Monitor, there were drought conditions across 99% of the Western United States this summer, up from 63% one year ago. In total, 59.2 million Americans and rising are now living in drought-stricken areas. In July, the volume of Lake Oroville, California's second-largest reservoir, stood at just 53% of its historical average. And on August 17, the U.S. declared the first-ever water shortage at the Lake Mead reservoir, which is the largest in the U.S. In response, a total of 10 Western governors appealed for federal drought disaster aid. It's a crisis - and it's getting worse by the day. In response, water futures are blasting higher, and - amazingly - nobody even realizes it. Case in point: Earlier this year on the Chicago Mercantile Exchange, water futures were up nearly 92% for the year - to $936.22 per one-acre foot. They're currently at $861 leading into October 2021, and nobody - from what I've seen - has covered it on the news. If oil prices doubled, it would be a front-page story. But water prices just doubled, and nobody said a word. That's exactly why it's time to own the Invesco Global Water ETF (Nasdaq: PIO). | 
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