首页
登录
职称英语
The recent surge in oil prices to roughly $55 a barrel teaches some useful le
The recent surge in oil prices to roughly $55 a barrel teaches some useful le
游客
2025-01-05
40
管理
问题
The recent surge in oil prices to roughly $55 a barrel teaches some useful lessons. One is that surprises happen. A year ago futures contracts predicted today’s price would be $25. A second is that the economy has grown less vulnerable to oil "shocks". Compared with 1973, we now use almost 50 percent less energy for each dollar of output. New industries (software, theme parks) need less than the old (steel, chemicals). But the largest lesson is depressingly familiar. Americans won’t think realistically about oil. We consider cheap fuel a birthright, and when we don’t get it, we whine--rather than ask why or what we should do.
If prices rise, we blame a conspiracy of greedy oil companies, OPEC or someone. The reality is usually messier. Energy economist Philip Verleger Jr. attributes the present price nm-up to massive miscalculation. Oil companies and OPEC underestimated global demand, particularly from China. Since 2001 China’s oil use has jumped 36 percent. This error led OPEC and companies to underinvest in new production capacity, he says. In 2002 the world had 5 million barrels a day of surplus production capacity; now it has little. Unexpected supply interruptions (sabotage in Iraq, civil war in Nigeria) boost prices.
Verleger says prices could go to $60 next year or even $80 if adverse supply conditions persist. No one really knows. Analyst Adam Sieminski of Deutsche Bank thinks prices may retreat to the low $30s in 2005. A slowing Chinese economy could weaken demand. But the uncertainties cannot obscure two stubborn realities. First, world oil production can’t rise forevers dwindling reserves will someday cause declines. And, second, barring miraculous discoveries, more will come from unstable regions--especially the Middle East.
We need to face these realities~ neither George Bush nor John Kerry does. Their energy plans are rival fantasies. Kerry pledges to make us "independent" of Middle East oil, mainly through conservation and an emphasis on "renewable" fuels (biomass, solar, wind). Richard Nixon was the first president to promise energy "independence". It couldn’t happen then-- and can’t now. The United States imports about 60 percent of its oil. A fifth of imports come from the Persian Gulf. Even if we eliminated Persian Gulf imports, we’d still be vulnerable. Oil scarcities and prices are transmitted worldwide. The global economy--on which we depend--remains hugely in need of Persian Gulf oil.
Bushes pitch is that we can produce our way out of trouble. No such luck. Drilling in the Arctic National Wildlife Refuge, with possible reserves of 10 billion barrels, might provide 1 million barrels a day, or 5 percent of present U.S. demand. Fine. But the practical effect would be to offset some drop in production elsewhere. American oil output peaked in 1970; it’s down 34 percent since then.
A groundbreaking study from the consulting company PFC Energy illuminates our predicament. The world now uses 82 million barrels of oil a day; that’s 30 billion barrels a year. To estimate future production, the study examined historical production and discovery patterns in all the world’s oil fields. The conclusion.. The world already uses about 12 billion more barrels a year than it finds. "In almost every mature oil basin, the world has been producing more than it’s finding for close to 20 years," says PFC’s Mike Rodgers. That can’t continue indefinitely.
The study is no doomsday exercise. Rodgers says that future discovery and recovery rates could be better or worsen-than assumed. With present rates, he expects global oil supply to peak before 2020 at about 100 million barrels a day. Whatever happens, the world will probably depend more on two shaky regions: the Persian Gulf and the former Soviet Union. The Gulf now supplies a quarter of the world’s oil; PFC projects that to rise to a third in a decade.
Although the future is hazy, what we ought to do isn’t. We need to dampen oil use, expand production and--if oil prices recede--significantly increase the Strategic Petroleum Reserve. These steps can’ t end our vulnerability to global price surges or the effects of a catastrophic loss of oil supplies from, say, war or terrorism. But they can reduce it. Most important, Americans should curb gasoline use. The Energy Information Administration reports the following: Gasoline represents about 45 percent of U. S. oil demand; since 1991 the explosion of SUVs and light trucks has meant no gains in average fuel mileage efficiency; and over the same period, typical drivers travel almost 1,000 miles more annually:
We should be promoting fuel-efficient vehicles, particularly "hybrids". Combining gasoline and electric power, they get 20 percent to 40 percent better mileage than conventional vehicles, says David Greene of the Oak Ridge National Laboratory. They also cost from $3,000 to $4,000 more than conventional cars, he says, mainly because they have two power sources. But Greene plausibly asserts that if production expanded, the cost gap would shrink. The way to expand demand would be to adopt a gasoline tax of $1 to $2 a gallon. Americans would know that fuel prices would stay high. They’d have reason to economize.
Of course, a fuel tax is a political showstopper. It isn’t in Bush’s or Kerry’s plan. They promote hydrogen-powered cars. These sound great but--given the technical obstacles-- won’t become widespread for many years, if ever. This captures our choice: taking modestly unpleasant preventive steps; or running greater future risks by clinging to our fantasies. History favors our fantasies. [br] This passage is most probably written by someone who works for a______.
选项
A、newspaper
B、consulting firm
C、research institute
D、government agency
答案
A
解析
本文为报刊文章。这种文章的主要特点包括:语言新颖活泼但通俗易懂、文字简洁但信息量大、报道客观全面、情感词语少。
转载请注明原文地址:https://tihaiku.com/zcyy/3899611.html
相关试题推荐
Therecentsurgeinoilpricestoroughly$55abarrelteachessomeusefulle
Therecentsurgeinoilpricestoroughly$55abarrelteachessomeusefulle
Twotechniqueshaverecentlybeendevelopedtosimplifyresearchandreducet
Twotechniqueshaverecentlybeendevelopedtosimplifyresearchandreducet
Twotechniqueshaverecentlybeendevelopedtosimplifyresearchandreducet
[originaltext]SecretaryofStateColinPowellsaysarecentreportshowinga
Animalsperformmanyusefulandentertainingjobs.Dogsareparticularlyval
Animalsperformmanyusefulandentertainingjobs.Dogsareparticularlyval
Animalsperformmanyusefulandentertainingjobs.Dogsareparticularlyval
Animalsperformmanyusefulandentertainingjobs.Dogsareparticularlyval
随机试题
In1944,officialsfromforty-fivenationsassembledforahistoricmeetin
A、Shewouldestablishwhatcuresthefever,thencomparethetreatmentwithothe
中国民族自古以来从不把人看做高于一切,在哲学文艺方面的表现都反映出人在自然界中与万物占着一个比例较为恰当的地位,而非绝对统治万物的主宰。因此我们的苦闷,基本上比
如下结构的药物是A:布洛芬 B:苯甲酸 C:阿司匹林 D:对乙酰氨基酚
当时,我国治理通货紧缩的政策主要有()。 Ⅰ.下调利率 Ⅱ.调整存款
《中华人民共和国证券投资基金法》规定,基金财产不能运用于()。A.已上市交易的
足月女婴,生后2周,黄疸逐渐加重,且以结合胆红素增加为主,肝脏进行性增大,大便灰
患者男性,60岁,患急性心肌梗死第2周,活动中出现呼吸困难、胸痛、眩晕,心率增快
2012年,某省规模以上工业增加值10875亿元,比上年增长7.1%,月度增速从
吸引与排斥、合作与竞争是课堂里主要的()。 A.人际关系B.对立统一关系
最新回复
(
0
)