August 20, 2014 7:00 PM

Our View: In a dry year, study reveals contracts don’t hold water

“Paper water” is one of the oldest (and most sarcastic) terms in the world of California water wonks. But it describes all those contracts that professors Ted Grantham and Joshua Viers of UC Merced so diligently quantified in a study released earlier this week. Their numbers were eye-popping, showing that every drop flowing through our rivers and out of our taps is spoken for – five times over. While that might alarm many, it’s not exactly new.

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