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First-of-its-kind study finds ‘secret fresh water’ that may stretch from New Jersey to Maine

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Deep in Earth’s past, an icy landscape became a seascape as the ice melted and the oceans rose off what is now the northeastern United States. Nearly 50 years ago, a U.S. government ship searching for minerals and hydrocarbons in the area drilled into the seafloor to see what it could find.

It found, of all things, drops to drink under the briny deeps — fresh water.

This summer, a first-of-its-kind global research expedition followed up on that surprise. Drilling for fresh water under the salt water off Cape Cod, Expedition 501 extracted thousands of samples from what is now thought to be a massive, hidden aquifer stretching from New Jersey as far north as Maine.

It’s just one of many depositories of “secret fresh water” known to exist in shallow salt waters around the world that might some day be tapped to slake the planet’s intensifying thirst, said Brandon Dugan, the expedition’s co-chief scientist.

“We need to look for every possibility we have to find more water for society,” Dugan, a geophysicist and hydrologist at the Colorado School of Mines, told Associated Press journalists who recently spent 12 hours on the drilling platform. The research teams looked in “one of the last places you would probably look for fresh water on Earth.”

They found it, and will be analyzing nearly 50,000 liters (13,209 gallons) of it back in their labs around the world in the coming months. They’re out to solve the mystery of its origins — whether the water is from glaciers, connected groundwater systems on land or some combination.

The potential is enormous. So are the hurdles of getting the water out and puzzling over who owns it, who uses it and how to extract it without undue harm to nature. It’s bound to take years to bring that water ashore for public use in a big way, if it’s even feasible.

The Ancient Mariner told us so

Why try? In just five years, the U.N. says, the global demand for fresh water will exceed supplies by 40%. Rising sea levels from the warming climate are souring coastal freshwater sources while data centers that power AI and cloud computing are consuming water at an insatiable rate.

The fabled Ancient Mariner’s lament, “Water, water, every where, nor any drop to drink,” looms as a warning to landlubbers as well as to sailors on salty seas.

In Virginia alone, a quarter of all power produced in the state goes to data centers, a share expected to nearly double in five years. By some estimates, each midsize data center consumes as much water as 1,000 households. Each of the Great Lakes states has experienced groundwater shortages.

Cape Town, South Africa, came perilously close to running out of fresh water for its nearly 5 million people in 2018 during an epic, three-year drought. South Africa is thought to have a coastal undersea freshwater bonanza, too, and there is at least anecdotal evidence that every continent may have the same.

Canada’s Prince Edward Island, Hawaii and Jakarta, Indonesia, are among places where stressed freshwater supplies coexist with prospective aquifers under the ocean.

Enter Expedition 501, a $25 million scientific collaboration of more than a dozen countries backed by the U.S. government’s National Science Foundation and the European Consortium for Ocean Research Drilling (U.S. money for it was secured before budget cuts sought by the Trump administration).

Scientists went into the project believing the undersea aquifer they were sampling might be sufficient to meet the needs of a metropolis the size of New York City for 800 years. They found fresh or nearly fresh water at both higher and lower depths below the seafloor than they anticipated, suggesting a larger supply even than that.

Drill, baby, drill. For water

Their work at sea unfolded over three months from Liftboat Robert, an oceangoing vessel that, once on site, lowers three enormous pillars to the seafloor and squats above the waves. Normally it services offshore petroleum sites and wind farms. This drill-baby-drill mission was different.

“It’s known that this phenomena exists both here and elsewhere around the world,” Expedition 501 project manager Jez Everest, a scientist who came from the British Geological Survey in Edinburgh, Scotland, said of undersea water. “But it’s a subject that’s never been directly investigated by any research project in the past.”

By that, he means no one globally had drilled systematically into the seabed on a mission to find freshwater. Expedition 501 was quite literally groundbreaking — it penetrated Earth below the sea by as many as 1,289 feet or nearly 400 meters.

But it followed a 2015 research project that mapped contours of an aquifer remotely, using electromagnetic technology, and roughly estimated salinity of the water underneath.

That mission, by the Woods Hole Oceanographic Institution and Lamont-Doherty Earth Observatory at Columbia University, reported evidence of a “massive offshore aquifer system” in this area, possibly rivalling the size of America’s largest — the Ogallala aquifer, which supplies water to parts of eight Great Plains states.

Two developments in 1976 had stirred interest in searching for undersea freshwater.

In the middle of Nantucket island, the U.S. Geological Survey drilled a test well to see how far down the groundwater went. It extracted fresh water from such great depths that it made scientists wonder if the water came from the sea, not the sky.

The same year, that federal agency mounted a 60-day expedition aboard the drilling vessel Glomar Conception along a vast stretch of the Continental Shelf from Georgia to Georges Bank off New England. It drilled cores in search of the sub-seabed’s resources, like methane.

It found an eye-opening amount of fresh or freshened water in borehole after borehole.

That set the stage for the water-seekers to do their work a half-century later.

A eureka moment comes early

Soon after Robert arrived at the first of three drilling sites May 19, samples drawn from below the seabed registered salinity of just 4 parts per thousand. That’s far below the oceans’ average salt content of 35 parts per thousand but still too briny to meet the U.S. freshwater standard of under 1 part per thousand.

“Four parts per thousand was a eureka moment,” Dugan said, because the finding suggested that the water must have been connected to a terrestrial system in the past, or still is.

As the weeks wore on and Robert moved from site to site 20 to 30 miles (30 to 50 kilometers) off the coast, the process of drilling into the waterlogged subsea sediment yielded a collection of samples down to 1 part per thousand salt content. Some were even lower.

Bingo. That’s what you find in many bodies of fresh water on land. That’s water you can drink, in theory. No one did.

Don’t drink the water yet

In months of analysis ahead, the scientists will investigate a range of properties of the water, including what microbes were living in the depths, what they used for nutrients and energy sources and what byproducts they might generate; in other words, whether the water is safe to consume or otherwise use.

“This is a new environment that has never been studied before,” said Jocelyne DiRuggiero, a Johns Hopkins University biologist in Baltimore who studies the microbial ecology of extreme environments and is not involved in the expedition.

“The water may contain minerals detrimental to human health since it percolated through layers of sediments,” she said. “However, a similar process forms the terrestrial aquifers that we use for freshwater, and those typically have very high quality.”

By sequencing DNA extracted from their samples, she said, the researchers can determine which microorganisms are there and “learn how they potentially make a living.”

Determining the water’s age is

key

Techniques will also be used to determine whether it came from glacial ice melt thousands of years ago or is still coming via labyrinthian geologic formations from land.

Researchers will date the water back in the lab, and that will be key in determining whether it is a renewable resource that could be used responsibly. Primordial water is trapped and finite; newer water suggests the aquifer is still connected to a terrestrial source and being refreshed, however slowly.

“Younger means it was a raindrop 100 years ago, 200 years ago,” Dugan said. “If young, it’s recharging.”

Those questions are for basic science. For society, all sorts of complex questions arise if the basic science affirms the conditions necessary for exploiting the water. Who will manage it? Can it be taken without an unacceptable risk of contaminating the supply from the ocean above? Will it be cheaper or environmentally friendlier than today’s energy-hungry desalination plants?

Dugan said if governments decide to get the water, local communities could turn to the aquifers in time of need, such as drought, or when extreme storms flood coastal freshwater reserves and ruin them. The notion of actually using this old buried water is so new that it has not been on the radar of many policymakers or conservationists.

“It’s a lesson in how long it can take sometimes to make these things happen and the perseverance that’s needed to get there,” said Woods Hole geophysicist Rob Evans, whose 2015 expedition helped point the way for 501. “There’s a ton of excitement that finally they’ve got samples.”

Still, he sees some red flags. One is that tapping undersea aquifers could draw water away from onshore reserves. Another is that undersea groundwater that seeps out to the seafloor may supply nutrients vital to the ecosystem, and that could be upset.

“If we were to go out and start pumping these waters, there would almost certainly be unforeseen consequences,” he said. “There’s a lot of balance we would need to consider before we started diving in and drilling and exploiting these kinds of things.”

They’re a long way from home

For most in the project, getting to and from Liftboat Robert meant a voyage of seven hours or more from Fall River, Massachusetts, on a supply boat that made round trips every 10 days or so to replenish stocks and rotate people.

On the platform, around the clock, the racket of metal bore pipes and machinery, the drilling grime and the speckled mud mingled with the quieter, cleaner work of scientists in trailers converted to pristine labs and processing posts.

There, samples were treated according to the varying needs of the expedition’s geologists, geochemists, hydrologists, microbiologists, sedimentologists and more.

Passing through clear plastic tubes, muck was sliced into disks like hockey pucks. Machines squeezed water out. Some samples were kept sealed to enable study of ancient gases dissolved in the water. Other samples were frozen, filtered or left as is, depending on the purpose.

After six months of lab analysis, all the science teams of Expedition 501 will meet again — this time in Germany for a month of collaborative research that is expected to produce initial findings that point to the age and origin of the water.

On July 31, Liftboat Robert cranked up its legs from this place of hidden water to end a mission that lent credence to another passage from “The Rime of the Ancient Mariner,” Samuel Taylor Coleridge’s classic poem about life, death and mysteries at sea.

In a prelude to the poem, in some editions, Coleridge wrote: “I readily believe that there are more invisible than visible Natures in the universe.”

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Woodward reported from Seekonk, Massachusetts.

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The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP’s environmental coverage, visit https://apnews.com/hub/climate-and-environment



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China has fulfilled its initial commitment to buy 12 million metric tons of soybeans from the U.S., but it’s not clear if the trade agreement announced in October can withstand President Donald Trump’s ever-shifting trade policy as American farmers are still dealing with high production costs.

Earlier this month, Trump said he would impose 25% tariffs on any country that buys from Iran, which would include China. Then last weekend he threatened to impose 10% tariffs on eight of America’s closest allies in Europe if they continue to oppose his efforts to acquire Greenland.

So the administration’s trade policy continues to change quickly, and Iowa State University agricultural economist Chad Hart said that could undermine the trade agreement with China and jeopardize the commitment by the world’s largest soybean buyer to purchase 25 million metric tons of American soybeans in each of the next three years.

“Those new tariffs — what does that mean for this agreement? Does it throw it out? Is it still binding? That’s sort of the game here now,” Hart said.

Beijing paused any purchase of U.S. soybeans last summer during its trade war with Washington but agreed to resume buying from American soybean farmers after Trump and Chinese leader Xi Jinping met in South Korea and agreed to a truce.

Treasury Secretary Scott Bessent announced the purchasing milestone China has met in an interview with Maria Bartiromo on Fox Business on Tuesday from the sidelines of a major economic forum in Davos, Switzerland, where Bessent met with his Chinese counterpart, Vice President He Lifeng. Bessent said China remains committed.

“He told me that just this week they completed their soybean purchases, and we’re looking forward to next year’s 25 million tons,” Bessent said. “They did everything they said they were going to do.”

Last fall, preliminary data from the Department of Agriculture cast doubts on whether China would live up to the agreement because it was slow to begin purchasing American soybeans and there is a lag before the purchases show up in the official numbers.

On Tuesday, the USDA data showed that China had bought more than 8 million tons of U.S. soybeans by Jan. 8, and its daily reports indicated that China placed several more orders since then, ranging from 132,000 tons to more than 300,000 tons.

China has shifted much of its soybean purchases over to Brazil and Argentina in recent years to diversify its sources and find the cheapest deals. Last year, Brazilian beans accounted for more than 70% of China’s imports, while the U.S. share was down to 21%, World Bank data shows.

Trump is planning to send roughly $12 billion in aid to U.S. farmers to help them withstand the trade war, but farmers say the aid won’t solve all their problems as they continue to deal with the soaring costs of fertilizer, seeds and labor that make it hard to turn a profit right now. Soybean farmers will get $30.88 per acre while corn farmers will receive $44.36 per acre. Another crop hit hard when China stopped buying was sorghum, and those farmers will get $48.11 per acre. The amounts are based on a USDA formula on the cost of production.

That and uncertainty about trade markets and how much farmers will receive for their crops has even some of the most optimistic farmers worried, said Cory Walters, who is an associate professor in the University of Nebraska-Lincoln’s Department of Agricultural Economics. Soybean prices jumped up above $11.50 per bushel after the agreement was announced, but the price has since fallen to about $10.56 per bushel on Tuesday. So prices are close to where they were a year ago and aren’t high enough to cover most farmers’ costs.

“Everything is changing — the land rental market, the fertilizer market, the seed market and it’s all pinching the farmer when they go to do their cash flows. The ability to make a decision is tougher now because of all the uncertainty in the market,” Walters said.

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This story has been updated to correct that Bessent spoke on Fox Business, not Fox News.

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Funk reported from Omaha, Nebraska. Associated Press writers Didi Tang and Fatima Hussein contributed from Washington.



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Wall Street is talking about whether Trump’s Greenland plan will end U.S. ‘primacy’

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Investors reacted emphatically to President Trump’s insistence that he won’t back down on his plan to take over Greenland: They hate it. The S&P 500 fell 2% yesterday, even though 81% of its companies have beaten their Q4 earnings expectations so far. The dollar fell off a cliff, losing nearly 1% of its value against a basket of foreign currencies. U.S. bond prices weakened modestly. Gold, the safe-haven investment, hit yet another new record high.

The “sell America” trade is in full effect, in other words. S&P futures were up marginally this morning, suggesting that the bloodletting has been put on hold until traders hear what Trump has to say at the World Economic Forum in Davos later today. Trump offered a small ray of hope before he left for Switzerland when he told NewsNation, “We’ll probably be able to work something out.”

The drama has started a global debate about ending America’s “primacy” as the place for investors to hold assets. Increasingly, analysts and economists are talking about hedging against U.S. risk and deploying their capital in markets which are more predictable. The fact that the S&P 500 underperformed last year compared to markets in Asia and Europe is helping make the case. It’s a rerun in 2026, too. The S&P is down 0.71% year-to-date, while the Europe STOXX 600 is up 0.69% and the South Korean KOSPI is up an astonishing 14%.

“Until the US no longer ‘threatens’ with the use of tariffs … the so-called ‘primacy’ of the U.S. remains at risk of further dissolution, and with it an upending of the geopolitical alignments that have upheld markets in recent years,” Macquarie analysts Thierry Wizman and Gareth Berry wrote in a recent note to clients.

Their argument—perhaps one of the most extreme ones that Fortune has ever seen in an investment bank research note—is that when the U.S. goes through a major political convulsion a period of stagnation follows, and thus investors should begin moving their money away from America:

“A line can be traced, for example, from the failure of the U.S. in the Vietnam War and the follow-on decline in U.S, primacy, to the U.S.’s gold reserve depletion, and the subsequent end of the fixed exchange rate system under the Bretton Woods Agreement of 1944. The ‘fiat money’ era that followed was associated with a large decline in the real value of the USD, from 1971 until 1981, as well as a period of inflation and recessions across the 1970s,” they said. 

“We should worry about the USD and its relation to other currencies, too. If the reserve status of the USD does depend on the U.S. role in the world—as guarantor of security and a rules-based order—then the events of the past year, and of the past three weeks, in particular, carry the seeds of a reallocation away from the USD, and the search for alternatives, especially among reserve managers. So far, allocators have only found solace in gold, but they may eventually move toward other fiat currencies, too.”

Wall Street got a glimpse of what this might look like when the Danish retirement savings fund AkademikerPension said yesterday that it would sell its $100 million stake in U.S. bonds by the end of the week.

So far, traders are flinching at Trump’s actions. But we haven’t yet seen the kind of full-scale capital flight away from U.S. assets that might, for instance, raise inflation, interest rates or trigger a recession. But the mere fact that Wall Street is discussing it is significant.

Deutsche Bank’s George Saravelos told clients in a note at the weekend: “Europe owns Greenland, it also owns a lot of Treasuries. We spent most of last year arguing that for all its military and economic strength, the U.S. has one key weakness: it relies on others to pay its bills via large external deficits. Europe, on the other hand, is America’s largest lender: European countries own $8 trillion of US bonds and equities, almost twice as much as the rest of the world combined. In an environment where the geoeconomic stability of the western alliance is being disrupted existentially, it is not clear why Europeans would be as willing to play this part. Danish pension funds were one of the first to repatriate money and reduce their dollar exposure this time last year. With USD exposure still very elevated across Europe, developments over the last few days have potential to further encourage dollar rebalancing.”

This note was internally controversial. Deutsche Bank CEO Christian Sewing had to call U.S. Treasury Secretary Scott Bessent to disavow it.

The CEO does not stand by it but Saravelos’s colleagues may be more sympathetic. Jim Reid and his team, who religiously send an early morning email summarizing market action, did not send their email this morning. The bank told Fortune, “Deutsche Bank Research is independent in their work, therefore views expressed in individual research notes do not necessarily represent the view of the bank’s management.”

In fact, the idea that Europe might move out of U.S. assets is a commonplace inside investment banks right now. At UBS, Paul Donovan told clients earlier this week, “The implications of additional tariffs are more U.S. inflation pressures and a further erosion of the USD’s status as a reserve currency. So far, bond investors do not seem to be taking the threats too seriously.”

This morning he said that the most likely scenario wouldn’t be investors selling U.S. debt but simply refusing to buy new debt, thus reducing the flow of funds that the America is dependent on.

In a tariff war, one under-discussed weapon at Europe’s disposal is its Anti-Coercion Instrument: It has the power to ban U.S. services businesses from the E.U.

“U.S. services exports to the E.U. were $295B in 2024, equivalent to 0.9% of US GDP, suggesting the harm could be much greater if the E.U. pulled this relatively new lever at its disposal than if it responded simply with tariffs, though its economy would be hurt more too,” Pantheon Macroeconomics analysts Samuel Tombs and Oliver Allen told clients.

“In short, nobody would win from a new trade war, but the E.U. has ample scope to harm the U.S. if the Greenland situation escalates,” they said.

Here’s a snapshot of the markets ahead of the opening bell in New York this morning:

  • S&P 500 futures were up 0.19% this morning. The last session closed down 2.06%.
  • STOXX Europe 600 was down 0.4% in early trading.
  • The U.K.’s FTSE 100 was flat in early trading. 
  • Japan’s Nikkei 225 was down 0.41%.
  • China’s CSI 300 was flat. 
  • The South Korea KOSPI was up 0.49%. 
  • India’s NIFTY 50 was down 0.3%. 
  • Bitcoin was down to $89K.



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Match Group says a ‘readiness paradox’ is crippling Gen Z in dating

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Gen Z is sometimes criticized for its proclivity toward slang or its approach to the workforce. But this generation is facing challenges very different from those of their elders. The young adults are slowing down their pursuit of the American Dream of finding “the one,” owning a home, and having kids.

But it’s not because Gen Z doesn’t want to find love, according to a report by Match Group and Harris Poll shared exclusively with Fortune. In fact, their survey results from 2,500 randomly selected U.S. adults shows 80% of Gen Z say they believe they’ll find true love, making them the most optimistic generation about finding love. Yet, only 55% of Gen Z feel like they’re actually ready for partnership. 

Therein lies the “readiness paradox,” a phenomenon that paralyzes Gen Z from taking that initial step toward a serious relationship, and subsequently toward marriage and having children. While more than half of Gen Z says they feel lonely despite having online connections, 48% of Gen Z women report feeling additional pressure to enter a relationship for “the right reason,” rather than solely to avoid loneliness. This cycle traps young people in loneliness, which is amplified by social media pressures, like the dread of “hard-launching” a relationship. 

“It makes total sense to be stuck in that paralysis of, I want this, I want a relationship, but I don’t feel ready for it, and so I don’t do it,” Chine Mmegwa, head of strategy, corporate development, and business operations at Match Group, told Fortune. “What they’re afraid of is failing. What they’re afraid of is that the other person on the other side isn’t ready.”

Match Group defines this phenomenon as a “self-reinforcing cycle” in which Gen Zers set a high bar for readiness for a relationship, then feel anxious about being alone, then crave new relationships, believe they’re not ready for it and wait longer, experience more loneliness, and then the cycle repeats. 

And some of this cycle stems from the fact that Gen Z prioritizes investing in personal growth, therapy, and defining success over other generations. Nearly 60% of Gen Z women say therapy is essential to relationship success, according to the Match Group report, and almost 50% say that setting and respecting healthy boundaries is a prime indication of being ready for a romantic relationship. And as a result, they may be more likely to delay dating. 

This report serves as a launchpad for Match Group and other dating app companies to rethink how to best serve Gen Z consumers, some of which had ditched the apps when they did have features they could relate to. But now Tinder has introduced more casual modes for Gen Zers to meet each other, like through its double-date feature and college mode where the generation can meet more people with the same relationship goals in mind.

That’s a step in the right direction for a generation that is reverting back to a desire to meet in real life.

“This is the way Gen Z wants to connect,” Match Group CEO Spencer Rascoff previously said. “They want to vibe their way through meeting people.”

Reprioritizing milestones

Unlike how some other reports about Gen Z love life have portrayed the generation, they’re not rejecting romance. Instead, they’re reshuffling life’s timeline amid economic and social strains. 

Match Group’s report shows nearly half of Gen Z say they’re not ready for relationships now, and 75% aren’t rushing into one. But, again, 80% say they believe they’ll find true love.

“They believe that when they work on themselves, their relationships become stronger,” according to the Match Group report. “And they are more likely to wait until they can put their best selves forward to give themselves the highest chance of relationship success.”

Although that may sound like worrisome news for a company trying to appeal to the latest generation, Mmegwa didn’t shy away from the challenge. 

Gen Z is “still looking to our products to solve real big issues. And they are still looking to our products and to dating to solve the things that are most important to them” she said. “It’s just a question of when and how they will use our products that [is] very different from prior generations.”

This generation also has a very different view of how happy their own parents’ and grandparents’ relationships are: Only 37% described those relationships as happy, and 34% of Gen Z women also feel working through issues from past relationships indicates readiness, according to the report.

Social media’s vicious cycle

Being highly inundated by and invested in social media has also exacerbated the readiness paradox. While 46% of Gen Z “soft-launch” relationships versus 27% overall, 81% see it as an ironclad agreement, and dread backlash from a public failure. 

It’s different from how other generations view making relationships public: “You can also hard launch and then delete the photos the next day, and it’s okay,” Mmegwa said. 

But still, for Gen Z, relationship performance pressure creates a cycle: High readiness bars lead to loneliness, which ultimately leads to them pursuing lower-stakes or casual relationships that rarely escalate into something more serious.

Instagram exacerbates the stall. While 46% of Gen Z “soft-launch” relationships versus 27% overall, 81% who hard-launch see it as an ironclad commitment, dreading public failure. Mmegwa highlighted this generational shift: “You can also hard launch and then delete the photos the next day, and it’s okay.” This “performance pressure” creates a cycle: High readiness bars lead to loneliness (over 50% feel it despite online ties), prompting low-stakes connections that rarely escalate.​

“For us, the focus is on how we bring people together and encourage them to return to in-person connections,” Hinge CEO Jackie Jantos previously told Fortune. Hinge is part of Match Group, along with Tinder, Match, and OkCupid.

How Match Group plans to address the readiness paradox

Match Group is planning to meet Gen Z where they are: They’ll keep introducing “low-pressure” tools, like Tinder’s Double Dating feature and College Mode.

“The idea here is really around helping our users have the power to control what they’re looking for in a given moment and be able to find that more easily,” Cleo Long, Tinder’s senior director of global product marketing, previously told Fortune.

Using the report as a roadmap for new product plans, future features could include features like readiness signals, Mmegwa said, and more curated matches will be important. 

“It’s no longer a speed and volume game,” she said. “It’s [about] truly making our algorithms help you know yourself better, and then help you know the person on the other side of the connection better.”



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