When I ran into an article at Dink’s Finance about Charlie Rushton’s oil well investments, my stomach turned. While gas prices soar and politicians are at work to eliminate tax credits for electric vehicles, our country’s problems with making the right choices in energy investments are mounting up.
It’s hard to imagine a bunch of evil, old, white guys looking out for their own interests but that’s exactly what’s been going on for decades. The only question echoing in my mind is – why? Why do we keep investing in our demise versus our future prosperity? Why do we keep supporting companies that don’t take environmental responsibilities seriously? I think it comes down to consumers to take the first step. It’s the individual choice we make that promotes the type of investment our government supports.
You can imagine my reaction to Rushton’s support for oil well investment on individual level – that of disgust. I know we are looking out for ourselves and our families, trying to make any extra income, but at what cost?
Don’t Fall for Political Lies
We’ve become clueless about the state of our environment and the economic forces behind our politics. Almost half the country still doesn’t believe in global warming! We support politicians who care less about our future, rather looking out for their profits. The old “we shouldn’t pick winners or losers” argument is a complete fallacy when we let the free market decide which path our country will take in energy investment.
Right now, we have the capacity to power our entire country on wind energy, except for uneven [lack of] support by our politicians. If we were to give the same opportunities to green businesses as we have been to fossil-based industries for decades, we wouldn’t even be having this conversation.
Green Isn’t Going Away
As electric vehicle sales are expected to continue growing, so are investments into green companies. We can’t rely on oil forever. Do we really need to wait and see what happens to the price of oil as Asia’s demands grow dramatically? You may be thinking: Well, this sort of growth is exactly why you should invest in oil, but let me tell you why this way of thinking is wrong.
While trying to provide for your family now, you are actually creating a much larger problem for your kids and their offspring. If you really care about the place you live in, the people you love and the free market economy that can spur a whole new industry with the right support, then investing in oil is a terrible idea. We need to start making the right choices on consumer level, as individuals.
Invest in Green Companies and Technology
If you’re looking to invest, consider environment-friendly companies, and those that relieve us of dependence on fossil fuels. Don’t support companies that actively promote environmental waste by fattening their stock values through needless product manufacturing. If you are a supporter of clean environment, don’t support it just a little bit, dedicate yourself.
For long term investments consider organic foods. What better way to promote growth through sound long term investment than helping grow a company that’s environmentally responsible and didn’t lay off a single employee in the recent economical downfall?
Don’t get me wrong – I am not asking you to sacrifice your investment yields. I only ask that you consider alternatives with equal returns. Whether we realize it or not, our policies adjust based on consumer choice. Decisions we make today will impact the way public and private investments are made tomorrow.