Oil and Economy 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 shock, when prices quadrupled, and 1979-1980,
when they also almost tripled. Both previous shocks resulted in double-digit
inflation and global economic decline. So where are the headlines warning of
gloom and doom this time The oil price 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 A. global inflation B. reduction in supply C. fast growth in economy D. Iraq’s suspension of exports
更多"{{B}}第二篇{{/B}}
Oil an"的相关试题:
[单项选择]{{B}}第二篇{{/B}}
Oil and Economy 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 shock, when prices quadrupled, and 1979-1980,
when they also almost tripled. Both previous shocks resulted in double-digit
inflation and global economic decline. So where are the headlines warning of
gloom and doom this time The oil price 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 A. price of crude rises B. commodity prices rise C. consumption rises D. oil taxes rise
[单项选择]{{B}}第二篇{{/B}}
{{B}} Egypt Felled by Famine{{/B}}
Even ancient Egypts mighty pyramid builders were powerless in the face of
the famine that helped bring down their civilian around 2180 BC. Now evidence
gleaned from mud deposited by the River Nile suggests that a shift in climate
thousands of kilometers to the south was ultimately to blem and the same or
worse could happen today. The ancient Egyptians depended on the
Nile’s annual floods to irrigate their crops. But any change in climate that
pushed the African monsoons southwards out of Ethiopia would have diminished
these floods. Dwindling rains in the Ethiopian highlands would
have meant fewer plants to stablise the soil. When rain did fall it would have
washed large amounts of soil into the Blue Nile and into Egypt, along with
sedim A. Because they once worked miracles. B. Because they were well-built. C. Because they were actually very weak. D. Because even they were unable to rescue their civilization.
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