There is one bright moment:
raising the price of water could reduce waste. If water costs more, it would become more valuable to consumers. Logically, this would encourage the public to conserve more. In other words, if water is more expensive, a person would be less likely to keep the water running while he brushes his teeth.Great, but too bad this point is buried in four pages that are light on details and weak in analysis.
Bottom Line: The only reason we are "running out of water" or facing a "water crisis" is that we are living beyond our means. (You don't hear about running out of wine or a wine crisis, do you?) Allocate water rights and price water appropriately -- end of problem.