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
2010-06-11
77
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 shock, when prices quadrupled, and 1979- 80, when they also almost tripled. Both previous 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 same 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 beless 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.
Rich economies 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 economies now use nearly 50% less oil than in 1973. The OECD estimates in its latest Economic Outlook that, its 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%.
From the text we can see that the writer seems ______.
选项
A、optimistic
B、sensitive
C、gloomy
D、scared
答案
A
解析
本题问的是作者的态度,本文从头至尾都表明作者对油价的保障造成的消极影响始终保持积极乐观的态度,认为现在的影响都要比70年代的小,因此A是正确答案。
转载请注明原文地址:https://kaotiyun.com/show/tHKK777K
0
大学英语六级
相关试题推荐
Whichofthefollowingdocs"labormarketproblems"(Line1,Para.1)referto?Accordingtothetext,onefactorthatcausesu
AccordingtoWorldHealthOrganization,howmanypeoplearekilledbyoutdoorairpollution?Whatkindofanimalaffectedbyma
TheAmericaneconomicsystemisorganizedaroundabasicallyprivateenterprise.It’s【B1】economyinwhichconsumersdeterminew
A、Byattendingaclass.B、Fromherparents.C、Throughagardeningmagazine.D、Fromherneighbors.AHowdidShirleylearnabouts
A、Herbackhurtduringthemeeting.B、Hissupportdoesnotmeananythingnow.C、Sheagreedthatitwasaverygoodmeeting.D、Th
A、Toplaytheviolinonaconcert.B、TogotoNewYorkCity.C、Toapplyforascholarship.D、Tohaveherperformancetaped.DWha
Everhearofthelemming(旅鼠)?Lemmingsarearcticrat-likeanimalswithaveryoddhabit:periodically,forunknownreasons,th
Iftheearthgetshotterinthenewcentury,whatwillhappentoanimalsandtheplantswhichanimalsdependonfor【B1】______?T
A、Aball.B、Afacultyreception.C、Aclassreunion.D、Abirthdayparty.D选项中A项的ball和D项的birthdayparty是同义词,考生就特别注意这两个选项。对话中男士询问
Theroleofthefarmerhasalwaysbeenanimportantone.Twohundredyearsago,95%ofAmericanworkerswerefarmers.Agricultu
随机试题
小秦是一名社区社会工作者,他所服务的社区一高层公寓发生火灾,造成数名居民遇难,数十名居民重伤,数百户家庭受灾,小秦在灾后安置工作中最主要的服务目标是()。
下列哪种氨基酸含有羟基
承重墙砖砌体水平灰缝厚度一般为()。
进口贸易是以信用证为主要支付方式,由于它是以符合信用证规定的货运单据为条件支付货款,所以有较大风险。()
单代号网络计划的关键线路是()。
DowntownArtisan’ClubArtExhibitPleasemarkSaturday,October21,onyourcalendarssothatyoucanattendtheinaugural
()是公共管理的起点,决定了公共行政走向公共管理的必然态势。
Theeffectofthebabyboomontheschoolshelpedtomakepossibleashiftinthinkingabouttheroleofpubliceducationinthe
下面哪一个是有效的IP地址______。
Inthemarket’seyes,thelatestroundofconsumer-spendingnewswasgood.Itwassogoodthatthestockshadanotherbubblingd
最新回复
(
0
)