Influenced the price of HEO like it has to some others that I own like ANRG, ZAIR....desalination is the future for coastal cities suffering drought like LA . Frustrating when you look out at the endless ocean . We were in LA in July and I happened to read that Catalina Island has desalination and was weathering the drought , but LA had just voted down a proposed desalination project because the brine volume would be much higher than Catalina's .
what to do with the brine ? Maybe pump it over to Death Valley and turn it into a sellable product . I don't know but there is an urgency to the dilemma.
Bottom line I bought HEO this week and attached is excerpt from analyst report that I wanted to highlight
We note that the Inflation Reduction Act includes US$4 billion of drought resilience funding and US$550 billion for domestic water programs,” he said.