In the past few days we have heard a number of scientists, gathered here at Scripps Institution of Oceanography, discuss research work which, in one manner or another, bears on problems related to water resources. They have been discussing, particularly, problems in the field of climatology, and have speculated on the meaning of the results of this research. One of the problems under discussion was the nature, and possible cause, of the climatic fluctuation which we have experienced in recent decades, and its relation to climatic changes in recent geologic time since the last glaciation. These discussions have given me the courage, or perhaps the recklessness, to indulge in some speculation relative to various aspects of water resource problems in the United States.