Sakhalin Energy supports the panel’s workA.unconditionally.B.enthusiastically.C.half heart
Sakhalin Energy supports the panel’s work
A.unconditionally.
B.enthusiastically.
C.half heartedly.
D.earnestly.
Sakhalin Energy supports the panel’s work
A.unconditionally.
B.enthusiastically.
C.half heartedly.
D.earnestly.
To ease the protest against its projects, Sakhalin Energy
A.moved its platform. from the bay where the whales congregate.
B.established a panel to be in charge of its public relationship.
C.rejected its program near Sakhalin’s offshore.
D.organized some experts to study and protect the whales.
That's because Shell hasn't been able to find nearly as much oil and gas as it's now pumping out of the ground. In fact, it hasn't even come close—replacing only 60% to 70% of what it produced in 2005 and only 19% in 2004. Shell has had reserve problems for years—a controversy over improperly booked assets forced it to reduce estimated reserves by roughly 30% and led to the resignation of its CEO, Phil Watts, in 2004. But what's troubling now is that Shell is falling way behind rivals like Exxon and BP despite spending billions more each year on exploring and drilling new wells. Last year Exxon replaced 112% of production; BP came up with 95%. "I have never seen anything like this," says Fadel Gheit, a veteran energy analyst with Oppenheimer & Co. "Shell used to represent the gold standard in this industry, but lately they can't get their act together."
To be sure, Shell still has huge assets—nearly 12 billion barrels. But in the oil and gas industry, reserve replacement is the best guide to whether a company will be able to maintain-or grow-production in the future. So not replacing what you pump, says longtime industry observer Matthew Simmons, "is like eating your seed corn. If you're not finding new oil, you're just liquidating what you've got." Indeed, Shell's daily production figures have been weak lately, falling 6.7 % in 2005, to 3.52 million barrels a day.
Privately, Shell execs say the company's decision to cut spending for exploration when oil prices bottomed out in the late 1990s is partly to blame for the anemic numbers now. Shell CEO Jeroen Vander Veer insists that projects like those on Sakhalin Island off Siberia and in Nigeria and the Gulf of Mexico will enable the company to start catching up with peers in the years ahead. It won't be easy. "If you're not adding to reserves, you have a problem," says Sanford Bernstein analyst Oswald Clint. "Shell will have to run twice as hard just to stay in place."
According to the passage, the decline of Shell
A.is a hidden process.
B.is caused by the profit last year.
C.is the estimation of Wall Street.
D.is the fault of the CEO.
Scientists are sure that
A.the number of the whales is rising slowly by a small percentage.
B.greater scrutiny of the whale population explains the growing number.
C.the whales are in an irrevocable decline despite all their efforts.
D.the whales have other summer habitats besides Sakhalin’s offshore.
The energy companies ______ urgent studies of the Arctic environment.
A.made
B.put
C.moved
D.launched
A.transportation
B.travel
C.energy
D.automobiles
What does the last sentence of the text mean?
A.Even the project of renewable energy should not be granted.
B.Even the project of renewable energy should not produce wastes.
C.Even the project of renewable energy should not pollute the environment.
D.Even the project of renewable energy should not be suspended.