High oil prices have not yet produced an economic shock among consuming countries, but further rises, especially sharp (1) , would undoubtedly hurt the world economy, and (2) would inevitably harm producers, too. Beyond this obvious point, (3) , higher prices could even do harm to both oil firms and producers.
Big oil firms (4) rolling in money today, but that disguises the fact that their longer-term prospects are (5) . Behind the reserves-accounting scandal at Royal Dutch/ Shell (6) a problem bedevilling all of the majors: replacing their dwindling reserves. (7) existing fields in Alaska and the North Sea are rapidly declining, OPEC countries and Russia are (8) them out. (9) they are to survive in the long term, the big oil firms must embrace other sources of energy (10) oil.
(11) it is to believe, higher oil prices could be bad news for producing countries (12) . Political leade
A. preventing
B. shutting
C. closing
D. keeping
High oil prices have not yet produced an economic shock among consuming countries, but further rises, especially sharp (1) , would undoubtedly hurt the world economy, and (2) would inevitably harm producers, too. Beyond this obvious point, (3) , higher prices could even do harm to both oil firms and producers.
Big oil firms (4) rolling in money today, but that disguises the fact that their longer-term prospects are (5) . Behind the reserves-accounting scandal at Royal Dutch/ Shell (6) a problem bedevilling all of the majors: replacing their dwindling reserves. (7) existing fields in Alaska and the North Sea are rapidly declining, OPEC countries and Russia are (8) them out. (9) they are to survive in the long term, the big oil firms must embrace other sources of energy (10) oil.
(11) it is to believe, higher oil prices could be bad news for producing countries (12) . Political leade
A. is
B. has
C. lies
D. does
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