Whether you know about economy or not, very obviously inflation is chasing us lately everyday. Why all a sudden our economy is threaten by so many factors?

1. Iraq War: Oil production never recovered after the day we landed there, it helps the Oil supply worldwide shortage.

2. Gold Price: Gold price in last five years surged 255%, from $325 to $830.

3. US Dollars drop: American government rather let dollar drop to stimulate our EXPORT to recover some government deficit caused by the war. Euro dollar vs US dollar now is EURO$1.50 = US$1.00, that's a 50% increase since Euro started 5 year ago.

4. US national deficit reach sky high all because that unnecessary war in Iraq. When your national deficit is this big, your money worth less internationally.

5. Oil demands: Few developing countries start purchasing more due to their countries market demands. However that does not push oil price +300% alone in the past few years

Arabic people are not dumb, they know if they don't raise the oil price at least 255%, that means they are making less money per barrel. so 255% jump is reasonable for them. Then another 45% is from market demands and short supply.

Now since the US$ keep dropping, it scared away foreign investors investing in US stock market, US currency. Our economy is affected by inflation, bad loans, bad credits, weak dollars..... If our government is not going take a drastically step, we are go right into a depression, and I tell you this time is not gonna a pretty one.

Personally I think there are 2 ways can get us out of trouble, the first is to STOP the war ASAP. Secondly is to open the Alaska Oil fields. We have plenty oil in Alaska if we don't use it by now eventually it will be useless by the time all cars makers has already developed hybrid car or H2O car[almost available soon], There is no reason not to drill while it is still demandable. Not only that but also we will have enough oil to EXPORT. Then we will see Oil price go down and American Dollar go up. The revenue from Alaska Oil will also help our national deficit. All American will be happier when they go to gas station. We will indeed appreciate from the bottom of our bucks for whomever can make this happen.

Remember, Consumers is the number 1 majority in Elections.

Most environmentalist absolutely against oil drill in Alaska, they said that is going to destroy Alaskan Wild Life. Change the environment my contribute to global warming. I am a realistic, As long as we save an area for those polar bear and pan queens, or put them in a zoo that's good enough for me. Realistically, we need Oil, we need to save our people from economical crises. We do have to save us first before the polar bear and pan queens, don't we? The global warming problem were contributed by global countries not just us. Saving Alaska is not going to save global warming. On the other hand, why don't we ask Saudi Arabia to stop drilling for global warming reason. Pure Nonsense.

Yep, we either drill here or drill in some other part ot the world. We also need to allow more off-shore drilling on our coasts. Also allow expansion of refineries as they are running at capacity.

Sorry for the mis-spelling on penguin .

Plenty of oil in Alaska but if you don't use it, you will loose it someday.

It isn't going anywhere. We will drill for it eventually, it is only becoming more and more valuable.

this pathetic Iraq war not only cost lifes of our soldiers but also our tax payers money and plus our economy. It's so pricy that you can't not even use numbers to describe.