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
Energy analysts spent the first half of the year debating how expensive oil could get. Now they are asking the opposite question
Energy analysts spent the first half of the year debating how expensive oil could get. Now they are asking the opposite question
admin
2010-10-28
32
问题
Energy analysts spent the first half of the year debating how expensive oil could get. Now they are asking the opposite question. On December 2nd the price of a barrel slipped below $ 47, the lowest level since May 2005 and legs than a third of the peak reached in July.
The main reason for the slump is the darkening outlook for the world economy. America’s appetite for oil, for example, had been more or less stagnant(停滞的) for the past few years, but has recently dropped dramatically. Many now expect global oil demand to fall next year, and perhaps even this year -- which would be the first decline since 1993.
The Organization of the Petroleum Exporting Countries (OPEC) does not seem able to cut its production fast enough to keep pace with all this grim news. In October the cartel agreed to pump 1.5 million fewer barrels each (lay from November 1st, reducing global supply by about 2%. But that cut is only just beginning to take effect, since it can lake more than a month for tankers to reach their destinations. Moreover, OPEC’s members do not yet seem to be complying fully with their diminished quotas.
The king of Saudi Arabia recently "said that $75 a barrel would be a fair price --- an idea that other members of the cartel have echoed with enthusiasm. Oil’s plunge has left many of them in dire fiscal straits. This suggests that when the group meets again on December 17th, it will resolve to cut its production further. But Saudi Arabia will not want to bear all the cost, so it will insist that other big producers, such as Iran and Venezuela, should not only agree to further cuts of their own but also implement them.
Michael Lewis of Deutsche Bank argues that OPEC’s past efforts to prop up prices have succeeded more often than not. Since 1993, cuts in production have led to higher prices on three-quarters of occasions. The exceptions, however, have occurred when the world economy has slowed unexpectedly -- most notably in 1998, after the Asian crisis, and in 2001, after the dotcom bubble burst. On those occasions, the price kept falling for more than six months after OPEC first began reducing its output. In 2001, for example, the cartel had to resort to a series of cuts, totaling 5 million barrels, before the price finally began to recover.
If events take a similar turn this time, Mr. Lewis reckons, OPEC will have to keep cutting its output for another year. The price may not hit rock bottom until early 2010. But the world economy looks less healthy now than it did in 2001, so OPEC may face even more of a struggle this time, he thinks.
What does the author tell us about the general condition of oil price this year?
选项
A、The oil price underwent decline in the first haft year and rise in the second haft.
B、The oil price in July is higher than $141 per barrel.
C、The stagnant situation of America’s appetite caused oil price decline.
D、Oil price decline may. account for the world economy’s darkening outlook.
答案
B
解析
事实细节题。由定位句可知,油价上半年急剧飙升,而下半年却又迅速下滑。其中本段第三句提到On December 2nd the price of a barrel slipped below $47, ... less than a third of the peak reached in July,可算出今年 7月份的油价高于141美元,B 符合题意。
转载请注明原文地址:https://kaotiyun.com/show/Rrz7777K
0
大学英语六级
相关试题推荐
Lastweek,speakersataprograminWashingtondiscussedusingnanotechnology(纳米技术)toimprovehealthcareindevelopingcountr
A、Lightspeedismillionsoftimesfasterthansoundspeed.B、Lightspeedisamilliontimesslowerthansoundspeed.C、Lightsp
A、Minerals.B、Chemicalpollutants.C、Salt.D、Germs.D事实细节题这种净水器可以清除水中的细菌,但不会清除盐分和其他化学物质。
Preparingyoungpeopletobecitizensrequiresustoembraceciviclearningasacoreproposeofeducation.Lastmonth,thousand
A、Itis11p.m.whentheassistantmanagerofthehotelmakesthisphonecall.B、Theneighboristryingtogetsomesleepbecaus
A、Themanshouldnothavestayedupsolate.B、Shelikestogotoseenewfilms.C、Shewantstogotoafilmwiththeman.D、She
A、Gettingapermanentjobinabigmodernhospital.B、Movingtoabighouse.C、Gettingaparticularpermanentjobinasmallhos
A、Regularservice.B、Overnightexpress.C、Samedaydelivery.D、Priorityservice.D综合推断题。男士向女士推荐了一种优先服务,可以保证包裹在三天后到达,男士最后还建议女士带包裹
Inthemedicalprofession,technologyisadvancingsofastthatquestionsoflawandethicscannotbediscussedandansweredfas
A、Breathingandmovingsmoothly.B、Concentrationandbreathing.C、Flexibilityandbreathing.D、Meditationandcomfort.A短文中提到,As
随机试题
A.收缩脑血管,减少动脉搏动幅度B.对子宫体和子宫颈均有明显兴奋作用C.对妊娠后子宫均有明显兴奋作用D.抗利尿作用E.小剂量使子宫底节律性收缩,子宫颈松弛,大剂量可引起子宫强直性收缩麦角胺
预防医学研究的人类环境属于下列何种
工程师赵某发明了一种制造饼干的方法并获得专利权。依据《专利权法》的规定,下列行为中,哪些侵害了工程师赵某的专利权?
监理工程师进行设计阶段合同管理的权力是由( )来确定的。
基差交易作为点价交易与套期保值操作的结合,在了结套期保值头寸时,对应的基差基本上等于点价交易时确立的升贴水,这保证了套期保值建仓时,就已经知道了平仓时的基差,从而减少了基差变动的不确定性,降低了基差风险。()
人民法院受理破产申请后,债务人的出资人尚未完全履行出资义务的,管理人应当要求该出资人缴纳所认缴的出资,而不受出资期限的限制。()
社会主义市场经济体制的基础是()。
根据警情简报提供的基本情况回答下列问题。上级主管迅速调配正在巡逻5区执勤的小李前往火灾现场增援,小李忙完手头工作,五分钟后才赶到火灾现场。在此期间,巡区3有一辆高档汽车被盗。小张事后对小李恰当的做法是()。(单选)
A、 B、 C、 D、 C
GetWhatYouPayFor?NotAlways[A]ThemostexpensiveelectioncampaigninAmericanhistoryisover.ExecutivesacrossAmerica
最新回复
(
0
)