首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
An extreme cold spell might be unwelcome to much of the Northern Hemisphere, but it is warmly welcomed by one group — the oil ex
An extreme cold spell might be unwelcome to much of the Northern Hemisphere, but it is warmly welcomed by one group — the oil ex
admin
2010-11-29
38
问题
An extreme cold
spell
might be unwelcome to much of the Northern Hemisphere, but it is warmly welcomed by one group — the oil exporters. They have enjoyed a steady rise in the price of a barrel of crude and their satisfaction at the state of affairs is evidenced by the lack of any comment from Opec nations in recent weeks.
Demand for heating oil, a lead indicator from December to February, is high in Europe, in America’s eastern states and in China. In response to the cold weather, Brent Crude futures have risen by $10 per barrel since the middle of December, to $81 per barrel.
The oil futures market is in sharp contango — a term used to describe a market where oil is more expensive for delivery at future dates. In other words, market players are betting that the price will rise.
Expectations of economic recovery are an explanation for the rising price contango, but some analysts worry that the underlying market fundamentals are not that bullish for oil. The Centre for Global Energy Studies (CGES) points to the huge stocks of oil, as much as 100 millon barrels, put in storage when demand collapsed at the end of 2008. The CGES reckons that such a harsh winter warrants a much higher oil price. Because underlying demand is weak in a slow economic recovery, the price response has been weak.
The oil price collapsed a year ago to $36 per barrel, a level at which most Opec nations were facing hardship as the economic rent from exporting crude fell below budgeted government expenditure.
For green energy technologies, such as biofuels made from plant waste, high prices are critical. In the absence of punishing carbon taxes or a very high carbon price in Europe’s emissions trading system, investors in green technology need an oil price signal that compels the switch to alternatives. The signal was very loud in July 2008, when Brent reached $147 per barrel, but it was also unsustainable as the soaring price of oil was destroying demand and undermining economic growth.
World demand for oil is still very weak. It fell throughout 2008 and began to recover only in the third quarter of last year. Global demand is 1.8 million barrels a day below its level two years ago. Opec is more or less maintaining its cartel discipline in the face of rising prices, but non-Opec producers are raising their output, adding 570,000 daily barrels to the market last year.
It can be inferred from the passage that______.
选项
A、world demand for oil will continue to be weak
B、opec nations will not increase their output recently
C、green energy technologies will replace traditional fuel soon
D、oil exporters won’t welcome another harsh winter
答案
B
解析
推理题。通读全文可以发现一些基本的经济关系,寒冷冬天——对取暖用油量需求的大幅上升一原油价格上涨,石油出口商对此是满意的,而绿色能源投资商也希望持续的上涨价格可以促使人们转而使用另类能源,但是这样的转变并非很快就能实现。
转载请注明原文地址:https://kaotiyun.com/show/Ct1K777K
0
专业英语四级
相关试题推荐
The______loansavedtheautomobilemanufacturingcompanyfromgoingbankrupt.
Contrarytopopularbelief,"fallingstars"arenotstarsatall,butaremeteors,solidbodiesthattravelthroughspace.
Contrarytopopularbelief,"fallingstars"arenotstarsatall,butaremeteors,solidbodiesthattravelthroughspace.
TheInternetbeganinthe1960sasasmallnetworkofacademicandgovernmentcomputersprimarilyinvolvedinresearchforthe
ThoughhavingbeenlivinginShanghaifor20years,hestillhasa______northernaccent.
Canelectricitycausecancer?Inasocietythatliterallyrunsonelectricpower,theveryideaseemspreposterous.Butformore
Whenamachineanalysesthefrequenciesusedbyaparticularvoiceanddrawsagraphofthem,soundis______electronicallyint
Agreatnumberofinstitutionsofhighereducation______sincethefoundingofPeople’sRepublicofChina.
Theelectioncampaigniscarriedout______,withalmosteveryoneinvolvedinonewayoranother.
KofiAnnanisexpectedtomakeaspeech_______.
随机试题
回火防止器的作用是____时,防止火焰窜入____或阻止火焰在____的蔓延。
成本分析模型应考虑的因素有()
男婴,6个月,发热2d,伴咳嗽,今见小儿呼吸困难,两肺有少量哮鸣音。胸片示肺气肿,诊断为毛细支气管炎。病原体主要是
关于妊娠期妇女的健康指导,正确的是()。
对于被判处拘役、3年以下有期徒刑的犯罪分子,符合《刑法》第72条规定的缓刑条件,因而应当宣告缓刑的对象是:()
机械化、半机械化控制的人机系统的安全性不取决于()。
CFP四个E代表的意义,下列叙述错误的是()
华侨是我们的同胞,血浓于水,所以导游人员可向华侨介绍他们希望知道的所有情况,帮助他们更多的了解祖国。()
效度系数的实际意义常常以决定系数来表示,如测验的效度是0.80,则测验可以正确预测或解释的效标的方差可占效标总方差的()。
2016年6月7日、8日,既是高考的日子,同时也是宝山地区集卡进港的“汛期”。为合理舒缓“高考送考车流”“集卡进港和交通早高峰”以及2016年“吴淞大桥、江杨北路等道路大规模修缮”造成的车流、人流叠加效应,该地交警部门采取了一系列措施,下列属于采用新媒体宣
最新回复
(
0
)