Text 2
Owing to the insufficient gas supply in the United States, the gas price has dramatically risen. The new gas price reality and the policy decisions it may trigger will undoubtedly lead to critical financial implications for some individuals or companies, but the situation can hardly be termed a "national crisis" or even a "shortage". What is true is that buyers--particularly those in the chemical industry and in independent power generation -will not be able to acquire the quantity of gas they wish at the prices they wish to pay, or even at prices that will allow them to remain competitive in their markets, particularly during peak demand seasons.
Over the next year or two, the result will be higher, and more volatile prices, to be sure, but there are market-driven adjustment mechanisms even in the short term, e.g., more electric power from coal and oil, reduced production of domestic chemicals, and a commensurate substitution of
A. American economy is strongly hit by the high prices of gas.
B. American economy is affected by the high price of gas, but it is not a crisis.
C. American economic policy is a failure.
D. The prices of gas will rise in the following years.
Text 2 Owing to the insufficient gas supply in the United States, the gas price has dramatically risen. The new gas price reality and the policy decisions it may trigger will undoubtedly lead to critical financial implications for some individuals or companies, but the situation can hardly be termed a "national crisis" or even a "shortage". What is true is that buyers--particularly those in the chemical industry and in independent power generation -will not be able to acquire the quantity of gas they wish at the prices they wish to pay, or even at prices that will allow them to remain competitive in their markets, particularly during peak demand seasons. Over the next year or two, the result will be higher, and more volatile prices, to be sure, but there are market-driven adjustment mechanisms even in the short term, e.g., more electric power from coal and oil, reduced production of domestic chemicals, and a commensurate substitution of imports. Consume
A. The power generation and chemicals perhaps may be the most affected.
B. Some industries may find that their facilities are no longer financially viable at the new price plateau.
C. Natural gas is abundant in China, Indonesia, and parts of Latin America.
D. Natural gas is still abundant and very low cost in other countries such as Trinidad, Qatar, and Iran.
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