IS SPAIN TO GAIN WATER FOLLOWING OIL PRICE HIKE?

Today the New York Times is reporting: Spain is having water shipped to parched city. Could a drop in vacation Spanish real estate vacation homes be seen as a positive outlook for Spain's water? http://news.nationalgeographic.com/news/2008/05/080519-church-photo.html If cheap airlines are "dying" or "dropping like flies" due to sharp oil price increases, this is likely to cut cheap flights from Europe and make this access route to Spain for most travelers a thing of the past. I am wondering how foreign property investors (many of whom are ordinary people from England - who bought second homes as investment properties) will keep up with their investments? If travel decreases, what kind of affect will this have on Spanish Real Estate? http://www.guardian.co.uk/business/2008/may/23/theairlineindustry.ryanair "The list of bankrupt airlines is growing by the week, but the biggest casualty of the oil squeeze in the airline industry could be the cheap fare and the holiday plans of a generation weaned on affordable air travel." Without cheap flights, second property investments can no longer be a revenue to investors (as second homes in Spain will have fewer tourist straveling to inhabit them). I imagine this will make many of these second homes (and hotels) become white elephants. From this report in the guardian.co.uk it sounds as though this scenario for the investors has already begun... Spanish property: the fiesta's over http://www.guardian.co.uk/money/2008/may/10/buyingpropertyabroad.property "Polaris World invites you to 'live the dream' at its gigantic golf resorts. But as the market sours, is it turning into a nightmare?" The upshot of all this is less tourists will consume less water. As a consequence, I am wondering if Spain will get some of their water back following a time when it was reported in peak boom 2006 how tourists in hundreds of hotels were consuming dwindling water supplies. Ecologists had estimated one golf course consumed the same amount of water each year as a small town of 5,000 people. So one crisis (expensive oil) may be easing another (a shortage of water). Tourists playing golf in Spain and taking water from 5,000 people may also become a thing of a past.... Drought threat to Spain as farmers and developers gulp down precious water http://www.independent.co.uk/news/europe/drought-threat-to-spain-as-farmers-and-developers-gulp-down-precious-water-414072.html "Spain's Environment Minister Cristina Narbona accused politicians in Alicante and Murcia of being more concerned with building thousands of villas, hotels and golf courses, than managing the water supply. Spain's booming agricultural sector, growing fruit and vegetables in plastic tunnels, is another huge drain on the water supply."