首页
登录
职称英语
Could the bad old days of economic decline be about to return? Since OPEC a
Could the bad old days of economic decline be about to return? Since OPEC a
游客
2024-10-06
37
管理
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 shocks resulted in double-digit inflation and global economic decline. So where are the headlines warning of gloom and doom this time?
The oil 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 be less 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. In Europe, taxes account for up to four-fifths of the retails price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.
Rich economics 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 reduces 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 economics now use nearly 50% less oil than in 1978. The OECD estimates in its latest Economic Outlook that, if 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%. [br] 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
作者观点态度题。综观全文,结合上两题的分析,可以看出作者对这次油价上涨的影响力抱有乐观的态度。
转载请注明原文地址:https://tihaiku.com/zcyy/3788676.html
相关试题推荐
Couldthebadolddaysofeconomicdeclinebeabouttoreturn?SinceOPECa
Couldthebadolddaysofeconomicdeclinebeabouttoreturn?SinceOPECa
Undernocircumstances______temporaryeconomicdevelopmentattheexpenseoft
Althoughmostpeoplereturnfrompackageholidaysreasonablysatisfied,this
Althoughmostpeoplereturnfrompackageholidaysreasonablysatisfied,this
Althoughmostpeoplereturnfrompackageholidaysreasonablysatisfied,this
Althoughmostpeoplereturnfrompackageholidaysreasonablysatisfied,this
Althoughmostpeoplereturnfrompackageholidaysreasonablysatisfied,this
Althoughmostpeoplereturnfrompackageholidaysreasonablysatisfied,this
Althoughmostpeoplereturnfrompackageholidaysreasonablysatisfied,this
随机试题
Hedoesn’tdaretoleavethehouse______heshouldberecognized.[originaltext]
Ihavealwaysthought_______ofMichael.A、highlyB、doubtfullyC、greatlyD、nervo
______Mike!Iknewhewouldgetthefirstprizeintherace.A、ThankgoodnessB、
银行家算法中的数据结构包括有可利用资源向量Available、最大需求矩阵M
2007-2012年,该地区住宅商品房房价的年平均增长量为每平方米多少元?(
治疗尿血肾气不固者,应首选( )。A.六味地黄丸 B.十灰散 C.春泽汤
厚朴的性味是()。A.苦辛温B.苦辛寒C.辛甘温D.辛甘凉E.酸苦温
二级资质物业服务企业注册资本应为人民币()万元以上。A:50 B:100
2020年全行业完成旅客周转量9513.04亿人公里,比上年增长13.5%。国内
金融机构对投资者适当性管理通常采用的方法有()A:承诺收益B:产品风险评估C
最新回复
(
0
)