Hello, this is Yeukhon, and I am very proud to have you to come visit my blog. It is dedicated for my 2009 Arista Presidential Election. It will be the memory of this event. 
I picked this cartoon randomly, but the night news reported that the oil price would have increase to US$4 this summer.
Well, it isn’t a surprise thing. For the past two years, the gas price, or the oil price had increased for at least US$1.5 and today the average price is arund US$3.33. Some areas the price is even higher, in NYC we are lucky enough to meet the average price since there are many consumers so each gas station would set the price at average to compete for more customers.
There are many rumors and “factors” been said about the gas price. Many believed it was the unstabilitiy in Middle East and the China, and India’s consuming too much oil. The Market responses and wants to make more profits, so it increases the gas price. But I think it’s only a one side story, at least economic studies show that every economy matter has “infinitive” factors lead to changes.
By breaking down each “factor”, we have many others “sub-factors”, and each “sub-factors” may also goes down into many many other “sub-sub factor”.
For example, inflation isn’t always causes by “reduction in curreny”, but there are so many other factors could have lead to inflation, such as “over consuming”, “lack of consuming”, “reduction in production”, stock market crisis, and ect.
So it makes sense that the price is going up, but the salaries that we earn are going away from our pocket. Only the big stick monopoly makes the money. But my point is, what if the economy gets worse? The value of the currency will reduce, and worth less. US$1 today may become US$0.001 tomorrow.
If the value continue to drop, the Chinese $ will not able to stand too long. It will drop after its “honey-moon”, enjoying the US currency dropping. Then trillions of dollars will lost in one day if 1% of the value is drop.
It is so dangerous that economy needs a damn long term of study and requires so much time to analzy. A single false prediction, often becomes a cause, or a factor that makes up the economic crisis.
Only if the oil companies are nice enough, and allows the price to drop without any regulation from the government, then there may be a chance: yes, just maybe a chance, that we will have no inflation, or another “BLACK FRIDAY”. But most likely, if the oil price drops in a larger range, the overall economy will suffer even more.