'Water is more valuable than oil': the corporation cashing in on America's drought

In an unprecedented deal, a private company purchased land in a tiny Arizona town - and sold its water rights to a suburb 200 miles away. Local residents fear the agreement has 'opened Pandora's box'One of the biggest battles over Colorado River water is being staged in one of the west's smallest rural enclaves.Tucked into the bends of the lower Colorado River, Cibola, Arizona, is a community of about 200 people. Maybe 300, if you count the weekenders who come to boat and hunt. Dusty shrublands run into sleepy residential streets, which run into neat fields of cotton and alfalfa. Continue reading...