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
The recent surge in oil prices to roughly $55 a barrel teaches some useful lessons. One is that surprises happen. A year ago fut
The recent surge in oil prices to roughly $55 a barrel teaches some useful lessons. One is that surprises happen. A year ago fut
admin
2011-02-11
35
问题
The recent surge in oil prices to roughly $55 a barrel teaches some useful lessons. One is that surprises happen. A year ago futures contracts predicted today’s price would be $25. A second is that the economy has grown less vulnerable to oil "shocks". Compared with 1973, we now use almost 50 percent less energy for each dollar of output. New industries (software, theme parks) need less than the old (steel, chemicals). But the largest lesson is depressingly familiar. Americans won’t think realistically about oil. We consider cheap fuel a birthright, and when we don’t get it, we whine—rather than ask why or what we should do.
If prices rise, we blame a conspiracy of greedy oil companies, OPEC or someone. The reality is usually messier. Energy economist Philip Verleger Jr. attributes the present price run-up to massive miscalculation. Oil companies and OPEC underestimated global demand, particularly from China. Since 2001 China’s oil use has jumped 36 percent. This error led OPEC and companies to underinvest in new production capacity, he says. In 2002 the world had 5 million barrels a day of surplus production capacity; now it has little. Unexpected supply interruptions (sabotage in Iraq, civil war in Nigeria) boost prices.
Verleger says prices could go to $60 next year or even $80 if adverse supply conditions persist. No one really knows. Analyst Adam Sieminski of Deutsche Bank thinks prices may retreat to the low $30s in 2005. A slowing Chinese economy could weaken demand. But the uncertainties cannot obscure two stubborn realities. First, world oil production can’t rise forever; dwindling reserves will someday cause declines. And, second, barring miraculous discoveries, more will come from unstable regions—especially the Middle East.
We need to face these realities; neither George Bush nor John Kerry does. Their energy plans are rival fantasies. Kerry pledges to make us "independent" of Middle East oil, mainly through conservation and an emphasis on "renewable" fuels (biomass, solar, wind). Richard Nixon was the first president to promise energy "independence". It couldn’t happen then— and can’t now. The United States imports about 60 percent of its oil. A fifth of imports come from the Persian Gulf. Even if we eliminated Persian Gulf imports, we’d still be vulnerable. Oil scarcities and prices are transmitted worldwide. The global economy—on which we depend—remains hugely in need of Persian Gulf oil.
Bushes pitch is that we can produce our way out of trouble. No such luck. Drilling in the Arctic National Wildlife Refuge, with possible reserves of 10 billion barrels, might provide 1 million barrels a day, or 5 percent of present U.S. demand. Fine. But the practical effect would be to offset some drop in production elsewhere. American oil output peaked in 1970; it’s down 34 percent since then.
A groundbreaking study from the consulting company PFC Energy illuminates our predicament. The world now uses 82 million barrels of oil a day; that’s 30 billion barrels a year. To estimate future production, the study examined historical production and discovery patterns in all the world’s oil fields. The conclusion: The world already uses about 12 billion more barrels a year than it finds. "In almost every mature oil basin, the world has been producing more than it’s finding for close to 20 years," says PFC’s Mike Rodgers. That can’t continue indefinitely.
The study is no doomsday exercise. Rodgers says that future discovery and recovery rates could be better—or worse than assumed. With present rates, he expects global oil supply to peak before 2020 at about 100 million barrels a day. Whatever happens, the world will probably depend more on two shaky regions., the Persian Gulf and the former Soviet Union. The Gulf now supplies a quarter of the world’s oil; PFC projects that to rise to a third in a decade.
Although the future is hazy, what we ought to do isn’t. We need to dampen oil use, expand production and if oil prices recede—significantly increase the Strategic Petroleum Reserve. These steps can’t end our vulnerability to global price surges or the effects of a catastrophic loss of oil supplies from, say, war or terrorism. But they can reduce it. Most important, Americans should curb gasoline use. The Energy Information Administration reports the following: Gasoline represents about 45 percent of U. S. oil demand; since 1991 the explosion of SUVs and light trucks has meant no gains in average fuel mileage efficiency; and over the same period, typical drivers travel almost 1,000 miles more annually.
We should be promoting fuel-efficient vehicles, particularly "hybrids". Combining gasoline and electric power, they get 20 percent to 40 percent better mileage than conventional vehicles, says David’ Greene of the Oak Ridge National Laboratory. They also cost from $3,000 to $4,000 more than conventional cars, he says, mainly because they have two power sources. But Greene plausibly asserts that if production expanded, the cost gap would shrink. The way to expand demand would be to adopt a gasoline tax of $1 to $2 a gallon. Americans would know that fuel prices would stay high. They’d have reason to economize.
Of course, a fuel tax is a political showstopper. It isn’t in Bush’s or Kerry’s plan. They promote hydrogen-powered cars. These sound great but—given the technical obstacles— won’t become widespread for many years, if ever. This captures our choice: taking modestly unpleasant preventive steps; or running greater future risks by clinging to our fantasies. History favors our fantasies.
This passage is most probably written by someone who works for a ______.
选项
A、newspaper
B、consulting firm
C、research institute
D、government agency
答案
A
解析
本文为报刊文章。这种文章的主要特点包括:语言新颖活泼但通俗易懂、文字简洁但信息量大、报道客观全面、情感词语少。
转载请注明原文地址:https://kaotiyun.com/show/QIYO777K
0
专业英语八级
相关试题推荐
ItusedtobesaidthatEnglishpeopletaketheirpleasuresadly.Nodoubtthiswouldstillbetrueiftheyhadanypleasureto
A、JapanesePrimeMinisterKoizumi’svisitingTokyo’sYasukuniShrine.B、SomeJapanesepeople’sactionsandremarkstowardstheh
NewYorkwasoncethemurdercapitaloftheworld.Thankstothezero-tolerancepolicingpolicyintroducedbyGiuliani,themean
NewYorkwasoncethemurdercapitaloftheworld.Thankstothezero-tolerancepolicingpolicyintroducedbyGiuliani,themean
WhichofthefollowingisNOTusuallyconsideredasastem?
ThecornerstoneoftheWhiteHousewas1aidOctober13,1792,onasiteselectedbyPresidentGeorgeWashington.Plansfortheh
Asummaryofthephysicalandchemicalnatureoflifemustbegin;notontheEarth,butintheSun;infact,attheSun’sveryc
RudolfVirchowwasamongthegreatestmindsinmedicineinthe19thcentury.Asaresultofhishardworkanddetermination,gre
By______wemeanthereisnologicalconnectionbetweenmeaningsandsounds
C英国文学之作家概况。JohnKeats(1795—1821),第二代浪漫主义诗人代表,代表作为OdetoaNightingale(《夜莺颂》),写作风格推崇“Beautyistruth,truthbeauty’’。
随机试题
一般情况下,________以上的高温就会破坏化妆品内的化学物质。
A.颈椎间盘突出症B.发育性颈椎管狭窄C.脊髓空洞症D.胸椎黄韧带骨化引起的椎管狭窄E.脊髓侧索硬化症脊髓后方压迫的疾病是
最适合于用激素治疗的是
肾上腺素心钠素
某公路工程项目在具备施工招标条件的情况下,建设单位欲通过公开招标方式择优选择施工单位。建设单位于2011年3月15日在国家指定的媒体上发布施工招标公告。在招标公告中要求参加投标的施工单位必须是本省二级及其以上施工资质的企业或外省一级以上施工资质的企业,近三
TheneutralAWBhavenoaircarrierspecifiedintheairwaybill.()
企业未设置“预付账款”科目,发生预付货款业务时应借记的会计科目是()。
新时期统一战线的基础是祖国统一和民族振兴。
Valencia(巴伦西亚)isintheeastpartofSpain.Ithasaportonthesea,twomilesawayfromthecoast.Itisthecapitalofaprov
TheNecktieThenecktieortieisalongpieceofclothwornfordecorativepurposesaroundtheneckorshoulders,restingu
最新回复
(
0
)