We Will Spend More Going Forward
I am just another person interested in the world affair.But I firmly trust that petrol is going to rise again back to the pre crisis level by early next year.
This market crash taught us many things such as to spend what we can afford.Did we really learn the lesson?My guess is that the answer is no.At the peak of economy at 2006, everyone spend like there is no tomorrow.We spend like there is no tomorrow. We bought SUVs which are petrol consumption monster. We bought items (which mostly has a base component of oil) and stock them up at home and then forgot about it. We also heat our pool the whole day.Such bad habit has help in pushing the petrol prices higher and hurt the environment.
Most of us do not the indirect impact of such irresponsible behavior on the oil prices. The average consumer took a beating and this is make worse when the economy comes crashing down on its knees at 2008. When it happened, we started to take stock of what we do not need.We started to cut down on unnecessary car trips and we also stopped buying SUVs and turn to focus onsmall cars. We can also start to embark on low cost diy solar pool heater and try to save energy. Start saving the earth with solar power for homes.
I would say the only good thing that came out from this economy crisis is the change in our behavior to be more socially responsible.
If only this habit continues in a good economy as well. This will always be a wish I suppose. The economy has recently pick up and irresponsible behavior is starting to appear again. It just does not seem that we have learnt from our mistakes. The next cycle of crisis will be worse than this as the world’s economy gets more connected.
It is almost impossible to decouple the economy from each other.But we surely can be less dependent on oil. This is not just a matter of political will, but it is a transformation change in consumer habit.For the presence, be prepared to pay more. More about energy saving at Renewable energy sources.
