In Coming Month We Will All Spend More

I am no noble economist winner.But I firmly trust that petrol is going to rise again back to the pre crisis level by early next year.

This economy crisis has taught us many lessons in being prudent in our spending.  But did we really learn the lesson?  My take is the answer is not.  When the economy was good at 2006, everyone spend like there is no tomorrow.We live with credit and trying to clear the debt at month end. We bought SUVs which are petrol consumption monster to begin with. 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 habit has helped fueled the petrol prices, which indirectly hurt the environment.

Most of us do not understand that our action has indirect impact to the oil prices. The average consumer took a beating and this is make worse when the economy crashes 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 ans start turning to small and fuel efficient car.  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.

The best thing that happen in this bad economy is the change in our behavior to be more socially responsible.

I just wish that such pattern continue but not in the pretext of the economy crisis.This will always be a wish.The economy is recovering and very quickly we can see that irresponsible behavior is starting to appear again. It look slike most of us never learn from the 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 surely we can be less reliant on oil.This is more than just the politics, it is a basic change to the way we live.Now, we must all be prepared to pay more for fuel.  More about energy saving at Renewable energy sources.