Do you spend money like it’s water? Perhaps you should be a little more frugal with your – water!

According to the US government, the availability of water may be one of the biggest challenges facing the 21st century. They say, “Water shortage and use conflict have become more commonplace in many areas of the United States for irrigation of crops, for growing cities, new communities, (and more).”

That’s not just the conclusion of one report. A growing number of experts agree that something we take for granted, fresh water, may be anything but widely available in decades to come.

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And one of the companies at the heart of the nation’s water works – as well as this issue -- is Aqua America

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Based in Pennsylvania, Aqua America runs utilities that provide water for approximately three million people in 13 states. Keenly aware of the growing importance of access to water, on Tuesday the firm’s Texas subsidiary acquired two water systems from the Lower Colorado River Authority.

What’s next for Aqua America and the water trade? Find out from Aqua America CEO Nicholas Debenedictis. Watch the video now!

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Trader disclosure: On Aug 5th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (MSFT), (RIMM), (JPM), (MS), (ABT), (MCD), (AMZN); Terranova Works For (VRTS); Terranova Is Short (TM), (WFC), (WYNN), (F); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (PDE), (TBT), (WMT), (TGT); Finerman's Firm Is Short (USO), (IJR), (IYR), (IWM), (MDY), (SPY); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finerman's Firm Is Short (WFC); Finermna's Firm Is Long (WFMI) Puts; Najarian Owns (AET); Najarian Owns (BAC) Call Spread; Najarian Owns (BX) Call Spread; Najarian Owns (BUCY) & (BUCY) Call Spread; Najarian Owns (FCX) & (FCX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) & (JPM) Call Spread; Najarian Owns (MS) & Short (MS) Calls; Najarian Owns (MSFT) & Short (MSFT) Calls; Najarian Owns (PALM) Call Spread; Najarian Owns (V) & Short (V) Calls; Najarian OWns (YHOO) Call Spread ; Najarian Owns (SYNA) Calls; Najarian Owns (CSCO) Call Spread; Najarian Owns (SWNA) Calls; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU)

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