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rather have underpriced water be available to people for gardening, washing cars, swimming pools than it be given away for free in corrupt government contracts to a mega-corporation so they can grow rice in the California desert or bottle ground water and sell it at inflated prices.

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You didn't hear it from me, but the first person to make a market for water futures will be very wealthy.

there's no Cushing, Oklahoma for water. most water delivery dams, pipelines, plants are owned by govt entities and are vertically integrated to serve a particular locale. Theres not often ways to switch delivery and commercialize it.

the closest analog is the Colorado river basin but the various state's government agencies sort that out themselves without the need for intermediary market markers.

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