A good example of the "short term sightedness" of oil producers:
It is reported that the US is the new Saudi with respect to the natural gas (200 year plus supply at current usage). The same report mentioned that check valves had to be reversed on major piplines to enable the EXPORT of the new "surplus". Seems to me if they export this gas, we won't have a 200 year supply, and thus will be in the same boat after short term profits are realized.
Use of the finite underground water resources seems to parallel the above. Using the water to create a surplus to export seems foolish. Sustainability should be the goal. If the rest of the world is hungry, perhaps they should live where God waters the grass.