2015理解强化练习及解析(15) Could the bad olddays of economic decline be about to return? Since OPEC agreed to supply-cutsin March, the price of crude oil has jumped to almost $26 a barrel, up fromless than $10 last December. This near-tripling of oil prices calls up scarymemories of the 1973 oil shock, when prices quadrupled, and 1979-1980, whenthey also almost tripled. Both previous shocks resulted in double-digitinflation and global economic decline. So where are the headlines warning ofgloom and doom this time? The oil price was given another push up this week when Iraqsuspended oil exports. Strengthening economic growth, at the same time aswinter grips the northern hemisphere, could push the price higher still in theshort term。 Yet there are good reasons to expect the economic consequences nowto be less severe than in the 1970s. In most countries the cost of crude oilnow accounts for a smaller share of the price of petrol than it did in the1970s. In Europe, taxes account for up to four-fifths of the retail price, soeven quite big changes in the price of crude have a more muted effect on pumpprices than in the past。 Rich economies are also less dependent on oil than they were, andso less sensitive to swings in the oil price. Energy conservation, a shift toother fuels and a decline in the importance of heavy, energy-intensiveindustries have reduced oil consumption. Software, consultancy and mobiletelephones use far less oil than steel or car production. For each dollar ofGDP rich economies now use nearly 50% less oil than in1973. The OECD estimates in its latest Economic Outlook that, if oil pricesaveraged $22 a barrel for a full year, compared with $13 in 1998, this wouldincrease the oil import bill in rich economies by only 0.25-0.5% of GDP. Thatis less than one-quarter of the income loss in 1974 or 1980. On the other hand,oil-importing emerging economiesto which heavy industry has shiftedhave become moreenergy-intensive, and so could be more seriously squeezed。 One more reason not to lose sleep over the rise in oil prices isthat, unlike the rises in the 1970s, it has not occurred against the backgroundof general commodity-price inflation and global excess demand. A sizableportion of the world is only just emerging from economic decline. TheEconomist s commodity price index is broadly unchanging from a year ago. In1973 commodity prices jumped by 70%, and in 1979 byalmost 30%。 31. The main reason for the latest rise of oil price is [A]global inflation. [B]reduction in supply。 [C]fast growth in economy. [D]Iraq s suspension of exports。 32. It can be inferred from the text that the retail price ofpetrol will go up dramatically if [A]price of crude rises. [B]commodity prices rise。 [C]consumption rises. [D]oil taxes rise。 33. The estimates in Economic Outlook show that in rich countries [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。 34. We can draw a conclusion from the text that [A]oil-price shocks are less shocking now。 [B]inflation seems irrelevant to oil-price shocks。 [C]energy conservation can keep down the oil prices。 [D]the price rise of crude leads to the shrinking of heavy industry。 35. From the text we can see that the writer seems [A]optimistic. [B]sensitive. [C]gloomy. [D]scared。
体坛英语资讯:Messi thrilled at Argentina victory
Traditional Festivals 传统节日
体坛英语资讯:Former France footballer Lizarazu: France will improve
国内英语资讯:Economic Watch: Foreign investors show strong appetite for Chinese market
壮丽70年:“中国速度”的演变
体坛英语资讯:Iran misses chance to Word Cup round of 16 after draw with Portugal
国际英语资讯:4 police officers killed, 5 wounded in Paris knife attack
爱焦虑的同学看过来:在命运为你安排的时区里,你很准时!
The continued appeal of online shopping 网上购物热潮继续增温
The Reasons to Fight For Future 奋斗的理由
体坛英语资讯:US to play soccer friendlies against Brazil, England, Italy
这么多年,你真的会洗手吗?来看看怎么样洗手才正确
国内英语资讯:Chinese, Guinean presidents exchange congratulations on 60th anniversary of diplomatic ties
银幕情缘:这些明星情侣相识在片场
体坛英语资讯:We didnt deserve to reach Round of 16, says German coach
这10个诡异的英语习语你知道吗?
体坛英语资讯:A curse from 7-1? Brazils media react to Germanys World Cup elimination
体坛英语资讯:Brazil beats Montenegro 84-73 at FIBA World Cup
体坛英语资讯:China beats South Korea 77-73 at FIBA World Cup
Crocodile tears?
国际英语资讯:British couple critically ill after exposure to nerve agent
国内英语资讯:Xi pledges to make CPC stronger
体坛英语资讯:Spain need to cut out errors: Isco
18个美容行业不希望你知道的秘密
成千上万波兰民众抗议政府司法改革
体坛英语资讯:Australia edges Lithuania 87-82 to top Group H in FIBA World Cup
国际英语资讯:Putin, Duterte say ready to expand Russian-Philippine cooperation
体坛英语资讯:Poland advance into semifinal of European Womens Volleyball Championship
国内英语资讯:Large gas field discovered in Xinjiang
国内英语资讯:Spotlight: Xis pledge on peaceful development, cooperation receives global applause
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |