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
23
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
IntheUnitedStatesandinmany【51】countriesaroundtheworld,therearefo
【B1】[br]【B4】therefore→however语篇逻辑错误。本句前一个分句指出:在这两种区分之后的观点是主观标准不会获得最大满足。第二个分句的意
Asweknow,ifwewanttokeepourhealthyandhaveastrongbody,oureatin
Thefollowingisalistoftermsrelatedtomarketing.Afterreadingit,youare
关于运输合同的说法,正确的是()。A.收货人和托运人任何情况下都不是同一人
基于本量利分析的利润敏感性分析主要研究的问题包括( )。A.有关因素发生多大变化
在蛋白质测定方法中,利用蛋白质具有重复肽键结构特点设计的血清总蛋白质测定方法是(
隔离开关机构箱应设置可自动投切的驱潮加热装置,定期检查驱潮加热装置运行正常、投退
教师职业道德行为的出发点是() A.教师职业正义感B.教师职业责
下列关于目标控制计划的说法中,正确的有()。A、计划不仅是工程实施的依据,也是对
最新回复
(
0
)