首页
登录
职称英语
(1) An extreme cold spell might be unwelcome to much of the Northern Hemisph
(1) An extreme cold spell might be unwelcome to much of the Northern Hemisph
游客
2024-08-25
46
管理
问题
(1) 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.
(2) 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.
(3) 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.
(4) 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.
(5) 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.
(6) 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.
(7) 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] Investors in green technology would like to see________.
选项
A、a steady oil price
B、a falling oil price
C、a fluctuating oil price
D、a rising oil price
答案
D
解析
细节题。 “investors in green technology(绿色技术的投资者)”是定位关键词,信息可以在第六段中找到,即“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. ”此处需要搞清楚油价和绿色能源之间的逻辑关系:绿色能源不能大量投放市场的主要原因是其费用高昂,所以如果油价一旦高过绿色能源的使用成本,就可能会导致消费者转向,更多地使用绿色能源,那么投资者也就可以从中获益了。
转载请注明原文地址:https://tihaiku.com/zcyy/3735072.html
相关试题推荐
Ontheeveningofhis18thbirthday,ateenagerfromatinyvillagenorthern
Ontheeveningofhis18thbirthday,ateenagerfromatinyvillagenorthern
Ontheeveningofhis18thbirthday,ateenagerfromatinyvillagenorthern
Ontheeveningofhis18thbirthday,ateenagerfromatinyvillagenorthern
Ontheeveningofhis18thbirthday,ateenagerfromatinyvillagenorthern
Ontheeveningofhis18thbirthday,ateenagerfromatinyvillagenorthern
Bacteriaareextremelysmalllivingthings.Whilewemeasureourownsizesi
Bacteriaareextremelysmalllivingthings.Whilewemeasureourownsizesi
Bacteriaareextremelysmalllivingthings.Whilewemeasureourownsizesi
Bacteriaareextremelysmalllivingthings.Whilewemeasureourownsizesi
随机试题
Congratulations!Youwowedyourprospectiveemployersonyourfirstintervie
WhathappenedtotheDutchairlinelastweek?[originaltext]Itemergedthat
[originaltext]M:Whicharea.ofalltheonesthatyou’vevisited,isyourfavor
关于高层建筑与乙类库房之间防火间距的说法,正确的是( )。A.与库房的耐火等级
下列关于统计量的说法正确的是()。A.统计量都是样本函数 B.统计量是结合总
小学阶段的课程应体现()。A.强制性、普及性和统一性 B.科学性、选择性
近几年来,我国开始对国内20个制造业行业中820家企业的采购经理进行月度问卷调查
(2021年上半年真题)乐器是指能发出乐音,供演奏音乐使用的器具,古今中外乐器多
关于我国招标投标制度的现状,下列叙述有误的是()。A.招标投标法律体系已完善
晚期艾滋病患者淋巴结的病变是A.淋巴滤泡增生 B.副皮质区淋巴细胞增生 C.
最新回复
(
0
)