Editor’s note: This is the first in a three-part series on water laws. 

Extreme climatic perturbations across the globe have created both record-breaking droughts and record-breaking deluges, all with apparent increasing intensity and frequency. For many established and evolving industries, a predictable, safe water supply is an essential element of their long-term viability. If we cannot manage Mother Nature’s idea of climate (and the current scientific and political climates suggest this is a vain hope), then can we at least manage our man-made institutions to anticipate and mitigate her moods?