Daily Kos has it.
The story quotes water buffalo Burt Wilson. “Wilson said the (water exporters) will “make (their) money back through handling water transfers from northern California reservoirs, water banks and aquifers–or any way they can get it–to sell at auction the the highest bidder, in this case the oil/gas companies inflated prices to the oil companies who will pay any price to get it.”
And use it for fracking in Kern County ane elsewhere.
“Currently in Greely, CO, the water agencies are selling water to farmers for $30 an acre foot while oil companies are paying $3,300.00 an acre foot!” noted Wilson. “Given that water transfers from northern California total about 1,200,000 acre feet a year, the SFWCA, at that rate, would earn almost $4-billion a year! Not a bad return on investment!”
Definitely worth a read. Incidentally, Salmon Water Now has a new anti-canal video.