美音听力:What is OPEC(石油输出国组织)? 来了解下其成立的目的、作用和影响,很好的经济类听力素材!http://t.cn/Rr7V0rK
There you have it! Everything you would need to know about the fundamentals of OPEC, what it is, the members, and how they operate around the world. Now keep a close eye on oil prices as the world works through the rest of crazy year!
For OPEC+ to pump more, others must pump less, other things equal, and that requires lower prices to force a production slowdown, especially in the price-sensitive and short-cycle U.S. shale sector. Pre-announcing increases in OPEC+ production is intended to forestall further increases in...
Looking for online definition of OPEC or what OPEC stands for? OPEC is listed in the World's most authoritative dictionary of abbreviations and acronyms
Gina Heeb
OPEC isnot a fanof how much gas the US has been passing. In recent years, A LOT ofnew energy companieshave popped up in the US to take advantage of the fracking boom. OPEC kept prices low in the hopes that those companies would decide the juice isn’t worth the squeeze, andfold up...
Stagflation is an economic perfect storm that combines inflation, supply shortages and slower growth, along with a high unemployment rate. This term was used to describe the economic hardships of the 1970s. The OPEC oil embargo caused oil prices to quadruple in the 1970s, sparking high inflation...
White House officials said the latest move to tap the oil reserve is part of a larger plan to help lower gas prices, which now average$4.22a gallon. For anyone wondering exactly what the Strategic Petroleum Reserve (SPR) is, here's an explainer. ...
In the early 21st century, the development of new technology—particularly hydro-fracturing, known as fracking—created a second U.S. energy boom, largely decreasing OPEC’s importance and influence.9Heavy reliance on fossil fuels is cited as one of the main causes of global warming, a topic ...
An example of cost-push inflation is the oil crisis of the 1970s. The price of oil was increased byOPECcountries while demand for the commodity remained the same. As the price continued to rise, the costs of finished goods also increased, resulting in inflation.1 ...