I received a note yesterday saying that if I am telling everyone to conserve energy instead of simply getting long on crude oil, then I must really be desperate. That cannot be further from the truth. First of all, I am an economist and I hope for a healthy world economy more than just filling my own pockets. Higher crude oil is just going to cause the world economy to go into a slump and even though I could make a buck just getting long on it, I want a healthy world more than just a healthy pocket. My other picks are making all the money I need for me and I don't want to be one of those that cause crude oil to go any higher. I hope I made that quite clear. Higher crude oil hurts the world and that result is what I hate. As an options trader, I really don't care where the market or crude oil go to because I have the ability to make money in every market condition, so don't think I am desperate for the market to go up... quite on the contrary, my pocket will also be VERY happy if the market went straight down. There is a difference between money making and social responsibility and both must co-exist.
Together, we can bring oil prices down! Here's a few simple things you can do today to help yourself and the world:
1. Keep your car in the garage for at least 1 day a week.
2. Switch to public transport when commuting during peak hours.
3. Car pool if you and your colleagues stay near to each other.
4. Switch off your living room light when watching TV at night.
5. Turning off the air conditioner when the room has been cooled down.
6. If you are considering buying a car, consider buying a smaller capacity car and not one of those V8 or V10 environment destroyers.
7. Turn off the TV when not watching. If you need some sound in the environment, use your ipod.
Csak Csajok