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
Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil
Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil
admin
2010-01-10
85
问题
Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost $ 26 a barrel, up from less than $10 last December. This near-tripling of oil prices calls up scary memories of the 1973 oil shocks resulted in double-digit inflation and global economic decline. ,So where are the headlines warning of gloom and doom this time?
The oil was given another push up this week when Iraq suspended oil exports. Strengthening economic growth, at the same time as winter grips the northern hemisphere, could push the price higher still in the short terra,
Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s. In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s. In Europe, taxes account for up to four-fifths of the retails price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.
Rich economics are also less dependent on oil than they were, and so less sensitive to swings in the oil price. Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduces oil consumption. Software, consultancy and mobile telephones use far less oil than steel or car production. For each dollar of GDP (in constant prices) rich economics now use nearly 50% less oil than in 1978. The OECD estimates in its latest Economic Outlook that, if oil prices averaged $ 22 a barrel for a full year, compared with $13 in 1998, this would increase the oil import bill in rich economies by only 0.25-0.5% of GDP. That is less than one-quarter of the income loss in 1974 or 1980. On the other hand, oil-importing e merging economies--to which heavy industry has shifted--have become more energy-intensive, and so could be more seriously squeezed.
One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess demand. A sizable portion of the world is only just emerging from economic decline. The Economist’s commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%, and in 1979 by almost 30%.
The estimates in Economic Outlook show that in rich countries ______.
选项
A、heavy industry becomes more energy-intensive
B、income loss mainly results from fluctuating crude oil prices
C、manufacturing industry has been seriously squeezed
D、oil price changes have no significant impact on GDP
答案
D
解析
细节理解题。第四段第一句话:“经济发达国家对石油的依赖性比过去低,对油价的浮动也不怎么敏感。”接着说“最近一期的《经济了望》杂志估计:和1998年的每桶13美元相比,如果油价持续一年在 22美元左右的话,石油进口支出也只占了发达国家国内生产总值(GDP)的0.25%~0.5%”。由此可见,油价的上涨对发达国家的影响甚微。故D项正确。
转载请注明原文地址:https://kaotiyun.com/show/e56K777K
0
专业英语四级
相关试题推荐
HowtoReadLiteratureCriticallyThefour-stepmethod-Thefirststep—payattentionto【T1】______language【T1】_____
A、Theeducationofschoolchildreninwarzones.B、Theceasefireinwarzones.C、Theinternationalaidforwar-riddenregions.D
Nowadays,manypeopleturntotheInternettosolveamultitudeofmedicalquandaries,extendingeventothemattersofhowtof
"Youunderstandgrandmotherwhenshetalkstoyou,don’tyou,darling?"Thegirlnods.Johnsonmether—andherDanishmother
ThingstobeTaughtinEverySchoolI.Introduction:Importanceofstudents’abilitytodealwiththerealworld.A.Speaker
A、Byteachingwritershowtoimitate.B、Byidentifyingwriter’sstrengthandweakness.C、Bydevelopingwriter’spotential.D、By
(1)TheTerm"CYBERSPACE"wascoinedbyWilliamGibson,ascience-fictionwriter.Hefirstuseditinashortstoryin1982,an
Somepeoplesaylovemakestheworldgoaround.Otherssayitisnotlove;it’smoney.Sincethetruthisthatitisenergyt
A、15LonkonStreet,Annandale.B、50LonkonStreet,Annandale.C、51LonkonStreet,Annandale.D、15LondonStreet,Annandale.A信息题
CoffeeCoffeeprobablyderivesitsnamefromtheArabic"gahwah",althoughsomeetymologistsconnectitwiththenameKaffa,
随机试题
A.心率加快、血压升高B.心率加快、血压降低C.心率减慢、血压降低D.心率减慢、血压升高E.心率和血压不变静脉注射肾上腺素时()。
组织行为学的研究对象是
甲与乙于2006年结婚,婚后二人感情不和,常常为琐事争吵。甲与乙多次协商离婚,均因财产问题无法达成一致而未成。2012年6月甲向法院提起诉讼,要求解除与乙的婚姻关系。据此,请回答以下问题:如果乙在2012年甲向法院起诉前两年已离家出走,法院应如何处理?
最高最佳使用必须同时满足的条件包括()。
根据结构原理,漏电开关划分为( )等。
于先生购买两个执行价格分别为15元和25元的看涨期权,并出售两份执行价格为20的看涨期权构造而成蝶式差价期权的投资策略。假定执行价格为15元、20元、25元的3个月看涨期权的市场价格分别为8.5元、5元、4.5元。根据案例,回答以下问题。
导游员预防漏接的措施有()。
主动被动型的特点是()。
下列哪些选项不构成犯罪中止?()
《刑法》第110条规定:“有下列间谍行为之一,危害国家安全的,处十年以上有期徒刑或者无期徒刑;情节较轻的,处三年以上十年以下有期徒刑:(一)参加间谍组织或者接受间谍组织及其代理人的任务的;(二)为敌人指示轰击目标的。”试说明:
最新回复
(
0
)