The price of oil is increasing, because it is in short ().A.storeB.provisionC.reserveD.su
The price of oil is increasing, because it is in short ().
A.store
B.provision
C.reserve
D.supply
The price of oil is increasing, because it is in short ().
A.store
B.provision
C.reserve
D.supply
Oil prices have raised overall consumer prices and cut into household purchasing power. So far the higher costs haven't deterred(阻止) buying, even buying of cars and other energy-sensitive items. The major reason for the lack of reaction is that oil is less important to the economy than it once was. Oil, which produced 45% of world energy in 1971, accounted for only 35% in 2003, with increases in nuclear and natural gas use making up the difference.
GM, Ford, and Chrysler suffered as buyers shifted to more fuel-efficient vehicles from Toyota and Honda, but the shift was hot pronounced. Admittedly, light truck sales are holding up in part because manufacturers are offering large discounts to "move the metal", but the fact that buyers are responding to those incentives shows they aren't too scared of gas prices.
Americans continue to spend more than they earn, but gasoline prices will have an effect. Although the April chain store results suggest gasoline prices aren't hurting much yet, eventually Americans will be forced to realize that they have to slow down. We expect the economy to slow in the second half of the year as the impact of higher oil prices sinks in. How much the economy slows will depend on how high oil prices remain. We expect some drop in oil prices by yearend, but I have been saying that for so long even I am starting not to believe it.
The anger against the oil companies is clearly misplaced. Exxon and friends control only a small share of world oil reserves. Most are now in the hands of state-owned oil companies. The recent move by Bolivia to nationalize its industry is only the latest in a long line of similar actions. The history of these enterprises is one of severe underinvestment and mismanagement, which tends to reduce supply and keep prices high. The risk on oil prices is primarily on the high side of our forecast.
Although I think oil prices will drop back in the medium term, to address my serious worries, I'm buying my wife a bike for Mothers' Day.
The economy at the beginning of 2006 is not affected by the high oil price mainly because ______.
A.the warm winter requires less oil to run the heaters
B.the warm winter promotes consumption, across the country
C.people believe that the oil price will drop in near future
D.people don't think the high price will make much of a difference
A.two first small oil
B.first two small oil
C.first small two oil
SHANGHAI TEXTILES IMP.&EXP.CORP.
27 ZHONGSHAN ROAD.SHANGHAI.CHINA
TEL:86—21—63218467 FAX:86—21—63291267
SALES CONFIRMATION
No:sT0603ll
Date:Aug.15,2006
TO:SUPERB AIM(HONGKONG)LTD.
RM.504 FUNGLEE COMM BLDG KOWIOON.HONGKONG
We hereby confirm having sold to you the following goods on terms and conditions as stated below.
NAME OF COMMODITY:textile
SPECIFICATION: Twill 2/1 108x54/20×20 59”
PACKING: Packed in cartons of ten meters
QUANTITIY: Total 10 000 meters
UNIT PRICE: USD 54.00 per meter CIFC2 H.K.
TOTAL AMOUNT: USD 540 000.00
(SAY US DOUARS FIVE HUNDRED AND FORTY THOUSAND ONLY.)
SHIPMENT:During Oct/Nov.2006 from Shanghai to H,K.with partial shipments permitted.
INSURANCE:To be covered by the seller for 1 10%of total invoice value against all risks and war risks as per the relevant ocean marine cargo clauses of the PICC dated 198I/01/01.
PAYMENT:The buyer should open through a bank acceptable to the seller an irrevocable L/C payable at 30 days after B/L date to reach the seller 30 days before the month of shipment、ralid for negotiation in China until the 15th day after the date of shipment REMARKS:Please sign and retum one copy for our file.
The Buyer: The Seller:
Alice SHANGHAI TEXTILES IMP.&EXP.CORP.
HONGKONG&SHANGHAI BANKING CORPORATION
QUEENS ROAD CHNTERAL,P.O.BOX 64,H.K.
TEL:822-1111 FAX:810-1112
Advised through:Bank of China, NO.CN3099/714
Shanghai Branch, DATE:Oct.2th,2006 H.K.
To:SHANGHAI TEXTILES IMP&EXP CORPORATION
27 ZHONGSHAN ROAD,SHANGHAI,CHINA
Applicant:SUPERB AIM (HONGKONG)LTD.
RM.450 FUNGLEE COMM BLDG KOWLOON,HONGKONG
Dear Sirs,
We hereby open our irrevocable L/C No.CN3099/714 in your favour for a sum not exceeding about HKD540 000.00(SAY HK DOLLARS FIVE HUNDRED FORTY THOUSAND ONLY)available by your drafts on HSBC at 30 days after sight accompanied by the following documents:
1.Signed commercial invoice in 6 copies.
2.Packing List in quadruplicate.
3.2/3 clean Oil board B/L made out to order notify the above mentioned applicant and marked“Freight Collect”dated not later than October 3 1 th,2006.From Shanghai to Hongkong,partial shipment are not permitted.
4.Insurance policy in 2 copies covering All Risks and War Risks for 150%invoice value as per the relevant ocean marine cargo clauses of the PICC dated 198I/01/01.
5.Certificate of Origin issued by China Council for Promotion of International Trade.
6.A certificate issued by the beneficiary and countersigned by
A、North Sea
B、Irish Sea
C、Swansea
D、Botany Bay
A.the only source of pollution
B.a kind of pollution caused by the release of natural substances
C.of worldwide consequence
D.most harmful to mankind