[简答题]The price of crude oil hit an all-time high early in April. The surge in oil price harms virtually all consumers and industries.
Nevertheless, according to Wharton finance professor Jeremy Siege, record high prices are not as bad as they look. "The major reason for that is we have become much more energy efficient."
Topic: The rising price of oil
Questions for Reference:
1. What are the advantages and disadvantages of the rising price of oil on the economic development
2. Why does the price of oil fluctuate What can we do to reduce the negative effects to the least
3. What does Prof. Siege mean when he says we are more energy efficient

[单项选择]The price drop of crude oil is beneficial in that it
[A] helps to revitalize the world economy. [B] promotes oil export to other nations.
[C] helps to push up the regional economy. [D] provides an opportunity to the oil exporters.

[单项选择]The price fluctuation of crude oil is caused by ______.
A. changed market demand
B. changed OPEC policy
C. security situation in Saudi Arabia
D. U.S. policy toward Saudi Arabia

[单项选择]The price of crude oil futures in New York ______.
A. dropped by 6%
B. dropped by 42 dollars
C. rose by 60%
D. rose .by 42 dollars

[单项选择]High oil prices have not yet produced an economic shock among consuming countries, but further rises, especially sharp (21) , would undoubtedly hurt the world economy, and (22) would inevitably harm producers, too. Beyond this obvious point, (23) , higher prices could even do harm to both oil firms and producers.
Big oil firms (24) rolling in money today, but that disguises the fact that their longer-term prospects are (25) Behind the reserves-accounting scandal at Royal Dutch/ Shell (26) a problem bedeviling all of the majors: replacing their dwindling reserves. (27) existing fields in Alaska and the North Sea are rapidly declining; OPEC countries and Russia are (28) them out. (29) they are to survive in the long term, the big oil firms must embrace other sources of energy (30) oil.
(31) it is to believe, higher oil prices could be bad news for produc
A. As
B. Just as
C. So as
D. Even as