首页
登录
职称英语
An extreme cold spell might be unwelcome to much of the Northern Hemisphere,
An extreme cold spell might be unwelcome to much of the Northern Hemisphere,
游客
2023-11-17
36
管理
问题
An extreme cold
spell
might be unwelcome to much of the Northern Hemisphere, but it is warmly welcomed by one group — the oil exporters. They have enjoyed a steady rise in the price of a barrel of crude and their satisfaction at the state of affairs is evidenced by the lack of any comment from Opec nations in recent weeks.
Demand for heating oil, a lead indicator from December to February, is high in Europe, in America’s eastern states and in China. In response to the cold weather, Brent Crude futures have risen by $10 per barrel since the middle of December, to $81 per barrel.
The oil futures market is in sharp contango — a term used to describe a market where oil is more expensive for delivery at future dates. In other words, market players are betting that the price will rise.
Expectations of economic recovery are an explanation for the rising price contango, but some analysts worry that the underlying market fundamentals are not that bullish for oil. The Centre for Global Energy Studies (CGES) points to the huge stocks of oil, as much as 100 millon barrels, put in storage when demand collapsed at the end of 2008. The CGES reckons that such a harsh winter warrants a much higher oil price. Because underlying demand is weak in a slow economic recovery, the price response has been weak.
The oil price collapsed a year ago to $36 per barrel, a level at which most Opec nations were facing hardship as the economic rent from exporting crude fell below budgeted government expenditure.
For green energy technologies, such as biofuels made from plant waste, high prices are critical. In the absence of punishing carbon taxes or a very high carbon price in Europe’s emissions trading system, investors in green technology need an oil price signal that compels the switch to alternatives. The signal was very loud in July 2008, when Brent reached $147 per barrel, but it was also unsustainable as the soaring price of oil was destroying demand and undermining economic growth.
World demand for oil is still very weak. It fell throughout 2008 and began to recover only in the third quarter of last year. Global demand is 1.8 million barrels a day below its level two years ago. Opec is more or less maintaining its cartel discipline in the face of rising prices, but non-Opec producers are raising their output, adding 570,000 daily barrels to the market last year. [br] Which of the following is nearest in meaning to "spell" in Paragraph 1?
选项
A、charm
B、period
C、wind
D、snow
答案
B
解析
词汇题。回答此题的关键是不要依赖对“spell”常见意义的了解,应该根据原文进行判断。
转载请注明原文地址:https://tihaiku.com/zcyy/3194858.html
相关试题推荐
We’ve,underextremelydifficultconditions,doneverywell,______.A、toconside
Theywereextremelyimpressedbyhimbecausehewas______generous.A、excessivel
Heisasolemnperson______temperamentsoit’sextremelyhardtomakehimsmil
HowlongistheNorthernEuropeanPipeline?[br][originaltext]Beneaththe
Thefirstapartmentwewereshownwasextremely______,butnotsuitableforaf
AnextremecoldspellmightbeunwelcometomuchoftheNorthernHemisphere,
They______inspiteoftheextremelydifficultconditions.A、carriedawayB、carrie
Shehasbeenonthegothewholeweek.Theunderlinedpartmeans______.A、extreme
WhoisGeorgeMitchell?[originaltext][24A]NorthernIrelandpeacetalksres
WhoisGeorgeMitchell?[br][originaltext]NorthernIrelandpeacetalksre
随机试题
【L1】[br]【L5】[audioFiles]audio_ezez1999_006[/audioFiles]image
WaltWhitmanwasapioneeringfigureofAmericanpoetry.Hisinnovation,firsto
Thispartistotestyourabilitytodopracticalwriting.Youarerequiredtow
A—NewYear’sDayB—Valentine’sDayC—LanternFestivalD—CarnivalE—Apr
[originaltext]ElizabethGladysDean,thelastremainingsurvivorofthesin
下列对“报告”与“请示”文种表述不准确的是()。A.报告中不能夹带请示事项
A. B.(0,0) C. D.
影响血钙水平的激素A.降钙素 B.1,25(OH)D C.胰岛素 D.11
某混凝土试块强度值不满足规范要求,但经法定检测单位对混凝土实体强度经过法定检测后
锅炉本体安装时,对流式过热器安装的部位应为( )。 A.水平悬挂于锅炉尾部
最新回复
(
0
)