A.the law of elastic supply
B.the law of elastic demand
C.consumers will bid up the price of oil
D.all of the above
E.none of the above
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第1题
OPEC to Increase Production
VIENNA (Reuters) OPEC oil exporters agreed to raise output limits on Tuesday but second largest producer Iran, fearing a slump in oil prices, opted out of the deal.
The Organization of the Petroleum Exporting Countries said nine members, excluding Iran, would immediately turn up the taps to 1.45 million barrels daily, or seven percent, easing output curbs made a year ago.
The pact came after heavy pressure from OPEC's biggest customer the United States to ease the price of oil and avert a slowdown in economic growth in the West.
Saudi Oil Minister Ali al--Naimi said he hoped to see the price of North Sea Brent in the range of $20-$25 a barrel.
"This decision was made in the interests of producers and consumers in a prudent way. It will have a positive impact and moderate prices," he said.
Iran, outside the pact, said it would raise production in any case, though not by as much as under the quota it was offered.
Iranian Oil Minister Bijan Zanganeh said he saw room for only one million barrels a day of extra oil. He said Tehran saw no shortage in the market.
"Our differences are on principles, and not only a few barrels," Zanganeh told reporters after the meeting had closed.
"OPEC is not a political organization," he added.
He had complained during the two-day OPEC meeting of "political pressure". OPEC delegates said that was an apparent reference to the United States which launched a diplomatic offensive to get OPEC to raise supplies and lower oil prices on the world market.
In Washington, President Clinton said of extra supply: "In the aggregate it could be sufficient to get production and consumption back in alignment," he said.
Analysts said they expected oil prices, already on the slide from recent highs, falling quickly into the $20-$25 range.
"This will mean extra supply and have a negative impact on oil prices," said Gary Rose of Petroleum Industry Research Associates.
"We're going to see a stock build in the second quarter. I would not be surprised to see Brent at $21-$22.”
Rose said: "The United States was pressing hard for a substantial increase and most in OPEC were in favor of a big increase." Iran has expressed its displeasure at this political.
Non-OPEC Mexico and Norway, having cooperated with OPEC in cutting exports when prices crashed, are shortly expected to announce their own increases.
1. () Iran will raise production at all, but less than it was offered under the quota.
2. () Iranian Oil Minister Bijan Zanganeh said the market could absorb 1.45 million barrels of extra oil a day at present.
3. () President Clinton said the new agreement could bring production back to the same level as consumption.
4. () Industry analysts said that the extra oil could have a positive effect on the oil market.
5.() Non-OPEC oil producers such as Mexico and Norway have been competing fiercely with OPEC for world market over the years.
第2题
If you feel a shortage of energy, join our Health Club. Fatigue is common for people to 1）_________ of to their doctors. In such cases, you should take a look at the causes for your tiredness and learn how you can get rid of it. Firstly, if you have to work hard 24 hours a day, seven days a week with high 2)_________, you will feel tired and bored. The 24/7 push to be productive can wear you out both physically and 3)__________. Your can have mini-breaks that will cheer you up and make your routine a little less routine. Secondly, if you sit staring at a screen for long periods of time you tend to blink less frequently and 4)_______your eyes. Your eyes need a break. Stand up once in a while to 5)_________ your legs and arms. Frequent breaks with long 6)__________ to your nearby parks will keep your body active and reduce eyestrain. Finally, gaining as little as five pounds of weight can cause 7)________. Extra weight also puts extra burden on your heart, which makes you tired. You can 8)_________ the habit of eating junk food and 9)___________ yourself to the basics of healthy eating. Try to eat smaller 10)_________ of food. With each pound of weight you lose, you'll feel a rise in energy. A) reverse B) strip C) strain D) empty E) portions F) fatigue G) rides H) emotionally I) reserve J) stretch K) dump L) complain M) collections N) efficiency O) strides
第9题
A.OPEC以外的产油国增加了石油勘探和生产能力
B.更多的消费者购买了省油型汽车
C.OPEC成员国签署协议取消产量限制
D.各国政府出台政策限制石油价格
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