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 Rising Oil Price Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in Mar
The Rising Oil Price Could the bad old days of economic decline be about to return? Since OPEC agreed to supply-cuts in Mar
admin
2010-01-14
41
问题
The Rising Oil Price
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 price was given another push up this week when Iraq suspended oil exports. Strengthening economic growth, at the dame time as winter grips the northern hemisphere, could push the price higher still in the short term.
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 retail 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 reduced 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 1973. 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 emerging 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%.
It can be inferred from the text that the retail price of petrol will go up dramatically if______.
选项
A、price of crude rises
B、commodity prices rise
C、consumption rises
D、oil taxes rise
答案
D
解析
推断题。第三段第三句说:在欧洲,油税占了汽油零售价的五分之四。因此可推知,如果油税上涨,汽油的零售价也会随之上涨。
转载请注明原文地址:https://kaotiyun.com/show/irhd777K
本试题收录于:
职称英语理工类基础题库职称英语分类
0
职称英语理工类基础
职称英语
相关试题推荐
TheGreatNewspaperWarUpuntilabout100yearsago,newspapersintheUnitedStatesappealedonlytothemostseriousreaders.
A.Thinkingcanpreventthebrainfromshrinking.B.Thereasonwhypeopleareaging.C.Scientistshaveworkedoutawaytokee
Ropeskippinghasmanyadvantagesforsomeonelookingforaninexpensiveandconvenientformofexercise.It(51)toallthecompo
Increasingly,overthepasttenyears,people-especiallyyoungpeople-havebecomeawareoftheneedtochangetheireatinghabit
A.Everythoughtoremotionhassomerelatedphysicaleffect.B.GSRisameasureofbodilychangeduringperiodsofemotion.C.
Themostcrucialproblemanyeconomicsystemfacesishowtouseitsscarceresources.
Thedentisthasdecidedtoextractherbadtooth.
Theprospectsfortreatingcysticfibrosisbygenetherapyarelookingbrighterfollowingsuccessfultestswithasafertypeof
AirTransportation1Airplanesareusedtocarrypassengers,cargoandmail.Airtransportcompaniesoperatescheduledairlines
HowTwoGreatConflictsHelpedtoChangeEuropeNinetyyearsagoonasunnymorninginNorthernFrance,somethinghappenedt
随机试题
A.桃红饮加味B.炙甘草汤加味C.独活寄生汤D.蠲痹汤各种痹证迁延不愈,痰瘀痹阻,治疗宜选用
一女性患者,24岁,婚后半年,因停经2个月,腹痛伴阴道流血3天来就诊。妇科检查:宫口见有胚胎样组织物堵塞,子宫2个月妊娠大小,诊断为()
经有关部门批准,不经过招标程序可直接设计发包的有()。
闪燃和阴燃是燃烧的不同形式。下列有关闪燃和阴燃的说法中,正确的是()。
会计是以货币为唯一计量单位,反映和监督一个单位经济活动的一种经济管理工作。()
武术是中华民族的传统体育和优秀文化遗产,分为()。
在历史上,自率部曲百余家,冶铸兵器,渡江作战,收复黄河以南失地的事件是()。
最早创立阿拉伯数字的是:
某单位需要派出扶贫人员。经过宣传号召,众人纷纷报名。经过一番考虑,领导最后将扶贫人选集中在小王和小张两人身上。大家对最终的挑选结果做了如下猜测:(1)小王会被挑选上;(2)如果小王被挑选上,小张就不会被挑选上;(3)只有小王被挑选上,小张
请在【答题】菜单中单击【考生文件夹】按钮,并按照题目要求完成下面的操作。注意:以下的文件必须都保存在考生文件夹下。在考生文件夹下打开文档“Word.docx”,按照要求完成下列操作并以该文件名“Word.docx”保存文档。为文档应
最新回复
(
0
)