Absolutely! And if you take the premise for Armor 21, GDW's planned follow on game to T2k, it's not much of a stretch to change the declining petroleum & mineral resources to declining water & food sources.
While we've all been subjected to the hyperbole surrounding the idea of "peak oil", the lack of clean water in the near future is much more significant not just for Third World nations but for the rest of us too as it could lead to increased immigration from Third World nations thereby increasing the pressure on whatever resources we have.
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