A Pledge to Hedge: Money Morning’s Fitz-Gerald Makes Public Promise to Slash Private Power Use
Source: http://feeds.feedburner.com/~r/USMoneyMorning/~3/312636150/Posted on Sunday, June 15th, 2008 | In Current Market News, Economics
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
As much as I poke fun at my home state of Oregon (with its decidedly liberal tendencies), it’s a phenomenal place to live.
Not only are the people spectacular, so is their attitude.
There’s a real “make-a-difference” philosophy at work out here that manifests itself in everything from our laws to our personal behavior. This philosophy fosters a “can-do” attitude that makes us believe that we can do almost anything – and that includes fighting back against the super-high energy prices that U.S. consumers are struggling with right now.
That’s why my wife and I are really excited to take on a personal challenge, of sorts.
Over the next 12 months, we’re going to try to shave 25% off our total energy and resources bills. This means that we’re going to make our house more efficient – and do the same with our cars.
But here’s the catch.
We’re going to try and achieve this goal with existing technology and, hopefully, without breaking the bank. That’s not because we aren’t seeking the maximum possible savings (we are); instead it’s because we believe we can do better with what we have, and through conservation.
Besides, we want to set an example – and create an energy-saving road map – that anyone can follow. We want to demonstrate that you don’t have to spend big bucks to buy the latest gadgets or invest in “bleeding-edge” conservation technologies. Common sense and careful, shrewd energy management can generate major savings in both expenses, and in energy.
This is something that our federal government just doesn’t seem to understand.
Not only did our federal government sponsor a trillion-dollar energy “pork fest” – with incentives to find, mine, drill or tap into more energy – it also mandated all sorts of things along the way. These initiatives are certain to encourage Big Business. But I believe the government would have seen much better results had simply encouraged both consumers and corporations alike to focus on energy conservation.
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It gets worse. Now the government has an agriculture bill headed down the pipeline; the legislation looks promising, but by the time it gets through Congress it figures to have gotten so watered down that it will be virtually worthless.
Don’t get me wrong: I’m all for developing new, more efficient technology. Indeed, it’s necessary. But it’s also a long-term process, and one that’s very costly.
We should pursue that path, of course. But there’s another strategy that we should pursue in the meantime – conservation.
So it’s time to do our part.
Over the next 12 months, I’ll report on my family’s progress, the decisions we’re making and the technologies we’re using (as I said, we support technology-driven energy savings). And we’d like to hear about your efforts, too – assuming you, too, are interested in saving money and conservation like we are.
Hopefully, we’ll find methods and materials that we can all use. We’ll definitely let you know.
[Editor’s Note: Money Morning Investment Director Keith Fitz-Gerald will report back periodically on his domestic-energy conservation efforts.]
Last 5 posts by Keith Fitz-Gerald
- Warning: You May Not be Making as Much on Gold as You Think - November 18th, 2009
- Is Mexico the “New” China? - November 13th, 2009
- The 10 Rules for Successful Investing - November 12th, 2009
- Where to Find Big Profits in a Post-Crash World - November 5th, 2009
- Four Reasons Why Hyperinflation Hasn’t Hit the U.S. Economy…Yet - November 4th, 2009
Current Market News, Economics, Fitz Gerald, global economy, Global Markets, Investment Director, Investors Profit, Liberal Tendencies, Map, Money Markets, Money Moves, Pledge, Private Power, Promise, Seismic Shift, Slash, State Of Oregon
![]() About Keith Fitz-Gerald (http://moneymorning.com)
Keith Fitz-Gerald is a Contributing Editor to Money Morning, as well as Investment Director of the Money Map Report and editor of the New China Trader. He is also a seasoned market analyst known for his accuracy, perspective and insight. He is also a former professional trader and licensed CTA advising institutions and qualified individuals, and he specializes in non-directional trading. Fitz-Gerald started his first business and began investing the proceeds at age 15, but he officially launched his business career 19 years ago when he joined Wilshire Associates, the globally recognized financial consulting firm. He is currently Founder and Managing Member of Fitz-Gerald Research Publications LLC, an investment-research firm that publishes general investment research, commentary and analysis. Having discovered key financial relationships that allow the markets to be modeled using complex systems based on Chaos Theory, Fitz-Gerald has been recognized as both a true pioneer of the form and an expert at using non-linear theory for market prediction, risk management and portfolio construction. That makes him one of the few people in the world who works exclusively with non-linear theory to predict the markets and forecast economic and financial events. With his cutting-edge analysis strategies, Fitz-Gerald has actually called some of the key market events in recent history. When crude oil was trading at less than $20 a barrel, Fitz-Gerald predicted it would rocket to $50, $60 and even $70 a barrel - the record levels that crude oil has reached today. He was one of the only analysts who correctly predicted both the 2000 stock-market decline and its subsequent turnaround in 2003. In February 2007, during an appearance at the World Money Show in Orlando, he publicly predicted that China’s shares were in for a tumble: He notified his subscribers of his prediction a full four days before that country’s stock market plunged 9% in a single trading session. And most recently, in speeches and detailed articles that preceded the actual event by several months, Fitz-Gerald repeatedly warned of the credit crisis that’s only now roiling the global financial markets. He was recently named a founding member of The Kenos Circle, a Vienna, Austria-based think-tank that identifies long-term economic and financial trends using the Science of Complexity, which is better known as “Chaos Theory.” Fitz-Gerald holds a BS in Management and Finance from Skidmore College and an MS in International Finance - with a focus on Japanese Business Science - from Chaminade University. He and his family split their time between Portland, Oregon and Kyoto Japan. |




