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[originaltext] Crude oil is measured in barrels. Last summer, its global pri
[originaltext] Crude oil is measured in barrels. Last summer, its global pri
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2024-01-22
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问题
Crude oil is measured in barrels. Last summer, its global price was $100 per barrel. Yesterday, it was trading at less than half of that, at about $46.50 a barrel.
Why does that matter? Well, the price of crude affects everything from gas prices to car prices, to stock prices. And it determines the number of jobs in the large global oil industry. The current surplus of oil gives us a clear lesson in the economic principle of supply and demand. When it comes to oil, it used to be all about the Middle East. Today, the Persian Gulf still has plenty of crude, but the boom is global. We produced a surplus of 2 million to 3 million barrels per day.
Oil buried deep beneath the earth surface in rock can now be accessed with new technologies like fracking and horizontal drilling. Two years ago, U.S. oil production saw its biggest jump in more than 100 years, and it’s not the only country to gain a large flood of crude. Production in Canada and Brazil has also hit record levels. At the same time, there are more alternatives to oil, like natural gas and renewables. When oil supply exceeds demand, prices fall.
5. What happened to oil price?
6. What caused the change of oil price?
7. Why does oil production increase dramatically?
选项
A、The world economy is booming.
B、There was more demand than supply.
C、There was more supply than demand.
D、Oil production was reduced.
答案
C
解析
新闻中提到最近原油市场供过于求,清楚地体现了经济学的供求原理,即因为原油产量大于需求量(surplus of oil),导致油价下降,故选C项。A项“世界经济发展”未在新闻中提及。B项“需求大于供给”与新闻中信息相反。D项“原油产量减少”与新闻中原油产量增加不吻合。
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