The oil crisis of the 1970s is the prime example. In October 1973, the Organization of Petroleum Exporting Countries (OPEC) issued an embargo against Western countries. This caused the global price of oil to rise dramatically, therefore increasing the costs of goods and contributing to a rise ...
Supply shocks are caused by unforeseen events that reduce output or interrupt the supply chain, such as natural disasters or geopolitical events. Crude oil is a commodity that is considered vulnerable to negative supply shocks due to the volatility of many of its source locations including the Midd...
This crisis and the suffering it caused launched the Irish Land War in 1879, which resulted in the reforming Irish Land Acts [6, 7]. Even these acts could not prevent escalating insecurity, violence, hatred, and fear that led, ultimately, to revolution and Irish independence from British ...
The oil crisis of 1973 impaired an already declining economy with the fall of the pound and very high inflation rates. Although the government changed from one party to another, the economy remained stagnant (停滞的). Britain's economic growth fell behind that of other European countries. The ...
A. To make full use of the oil. B. To replace oil with electricity. C. To find other forms of energy. D. To completely rely on clean energy. 相关知识点: 试题来源: 解析 C 【原文】 W: How do you feel about the oil crisis in the news last night? M: It’s frightening. We ...
What is the key to oil price in the author's opinion A.Energy crisis.B.Dozens of varieties of crude trading.C.Several challenges facing the oil industry.D.The rise of resource nationalism. 相关知识点: 试题来源: 解析 D 推理题。文章最后一段第二句末尾提到“西方主要的石油国将停止其工作来...
A. To make full use of oil. B. To use as little oil as possible. C. To find alternative energy. 相关知识点: 试题来源: 解析 C 正确答案:C解析:男士在对话中说We need to find alternative energy sources…可知他认为解决石油危机的方法是寻找替代能源。故选C。听力原文:W: Excuse me, I want...
It's likely that oil prices will rise meaningfully only if the war spreads to big oil producers.
What guides energy policy? By and large, an attempt to balance the so-called “energy trilemma”: Security – meaning both availability of energy sources like gas, but also dealing with the intermittency of renewable energy production caused when there is an absence of wind and sun, requiring ...