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
考研
Saudi Arabia, the oil industry’s swing producer, has become its flip-flopper. In February, it persuaded OPEC to cut its total pr
Saudi Arabia, the oil industry’s swing producer, has become its flip-flopper. In February, it persuaded OPEC to cut its total pr
admin
2011-10-20
63
问题
Saudi Arabia, the oil industry’s swing producer, has become its flip-flopper. In February, it persuaded OPEC to cut its total production quotas by lm barrels per day (bpd), to 23.5m, as a precaution against an oil-price crash this spring. That fear has since been replaced by its opposite. The price of West Texas crude hit $40 last week, its highest since the eve of the first Iraq war, prompting concerns that higher oil prices could sap the vigour of America’s recovery and compound the frailty of Europe’s. On Monday May 10th, Ali al-Naimi, Saudi Arabia’s energy minister, called on OPEC to raise quotas, by at least 1.5m bpd, at its next meeting on June 3rd.
Thus far, the high oil price has been largely a consequence of good things, such as a strengthening world economy, rather than a cause of bad things, such as faster inflation or slower growth. China’s burgeoning economy guzzled about 6m bpd in the first quarter of this year, 15% more than a year ago, according to Goldman Sachs. Demand was also strong in the rest of Asia, excluding Japan, growing by 5.2% to 8.1m bpd. As the year progresses, the seasonal rhythms of America’s drivers will dictate prices, at least of the lighter, sweeter crudes. Americans take to the roads en masse in the summer, and speculators are driving up the oil price now in anticipation of peak demand in a few months’ time.
Until recently, the rise in the dollar price of oil was offset outside America and China by the fall in the dollar itself. But the currency has regained some ground in recent weeks, and the oil price has continued to rise. Even so, talk of another oil price shock is premature. The price of oil, adjusted for inflation, is only half what it was in December 1979, and the United States now uses half as much energy per dollar of output as it did in the early 1970s. But if oil cannot shock the world economy quite as it used to, it can still give it "a good kick", warns Goldman Sachs. If average oil prices for the year come in 10% higher than it forecast, it reckons GDP growth in the Group of Seven (G7) rich nations will be reduced by 0.3%, or $70 billion.
The Americans are certainly taking the issue seriously. John Snow, their treasury secretary, called OPEC’s February decision "regrettable", and the rise in prices since then "not helpful". Washington pays close heed to the man at the petrol pump, who has seen the average price of a gallon of unleaded petrol rise by 39 cents in the past year. And the Saudis, some mutter, pay close heed to Washington.
Besides, the high oil price may have filled Saudi coffers, but it has also affronted Saudi pride. Mr. al-Naimi thinks the high price is due to fears that supply might be disrupted in the future. These fears, he says, are "unwarranted". But the hulking machinery in the Arabian desert that keeps oil flowing round the world presents an inviting target to terrorists should they tire of bombing embassies and nightclubs. On May 1st, gunmen killed six people in a Saudi office of ABB Lummus Global, an American oil contractor. Such incidents add to the risk premium factored into the oil price, a premium that the Saudis take as a vote of no confidence in their kingdom and its ability to guarantee the supply of oil in the face of terrorist threats.
选项
A、Saudi Arabia reversed its earlier decision.
B、Saudi Arabia objected to the rise of oil price.
C、Saudi Arabia was concerned about the world economy.
D、Saudi Arabia wished to reduce the oil production.
答案
A
解析
这是一道句意题,问本段第一句(主题句)的意思。要了解主题句的意思就得通读全段,确保理解准确全面。依据第一段,五月份和二月份相比,沙特政府对油价的态度发生了倒转,由此推断"沙特将早期的决定颠了个个儿"为答案。
转载请注明原文地址:https://kaotiyun.com/show/bkp4777K
0
考研英语一
相关试题推荐
WilliamAppleton,authorofthebookentitledFathersandDaughters,believesthatitisaWoman’srelationshipwithherfather
WilliamAppleton,authorofthebookentitledFathersandDaughters,believesthatitisaWoman’srelationshipwithherfather
Thefollowingparagraphsaregiveninawrongorder.ForQuestions41-45,youarerequiredtoreorganizetheseparagraphsintoa
Thefollowingparagraphsaregiveninawrongorder.ForQuestions41-45,youarerequiredtoreorganizetheseparagraphsintoa
ThebesttitleforthispassagemaybeInthewakeofSeptember11th,theconstructiontechniquesofskyscrapersareinnovated
Withthedepletionofthecodfisheryandsomanyothercoastalfishstocksworldwide,thefishingindustryhasturnedtothehi
YouaresupposedtoinviteDr.Kingtomakeaspeechaboutthefuturedevelopmentofcomputerscienceattheannualconferenceo
Forestsremovecarbondioxidefromtheair,conservesoilandwater,andarehometoavarietyofspecies.(46)Theyarealsorep
Whatdoesitsayaboutasocietythatoutsourcesthelastyearsandmomentsoflifetoaclinicalsettingthatisneitherloving
ItcanbelearntfromthetextthattherulingpartyinIndia______.WecanlearnfromthetextthatbothHindusandMuslimsa
随机试题
在记账凭证会计核算形式下,总账登记的依据是()。
法定性权力
下列不属于我国公共场所卫生特征的是
主张“非礼勿视,非礼勿听”的教育家是()。
根据监管部门的要求,2018年年底金融租赁公司的资本充足率应达到()。
某夜11时许,甲在一公路拐弯处拦住一辆货车进行抢劫,遭司机乙反抗。搏斗中,前方开来一辆客车。甲见状拔出手枪将乙打成重伤。客车司机和乘客在车灯照射下看到了这一切,遂停车捉拿凶手。甲逃跑时摔倒,连人带枪被乘客们擒获。客车司机向当地公安机关报案,公安人员赶到案发
GDP中扣除资本折旧,就可以得到NDP。()
WhereisMrs.Bushvisitingnow?
A、About70%ofthepopulationliveinruralareas.B、About25%ofthepopulationarenotnative.C、Since1780,thepopulationin
ThebestkeptsecretinSanDiegoiswaitingtoofferyouadelightfulgetaway--withoutleavingtown.Lessthanthreeyear
最新回复
(
0
)