voa标准英语2008-Cheap Oil May Spark Russian Budget Crisis

The Russian economy has been among the hardest hit of any country, during the current global economic crisis. Russia - a major energy exporter - has not only suffered banking¹ and stock woes², as in the rest of the world, but also a precipitous drop in the price of oil. The decline is affecting the Russian people and their economy.
　

Mikhail Unksov

Pawnshops are among the few places in Russia where activity is up these days. Here the industry says the average customer is middle class, from 30 to 45 years old and pawns³ mostly gold or jewelry⁴.

Mikhail Unksov, president of Russia's Pawnshop League, says the typical client is a person without an adequate regular salary who is seeking a quick and easy way to fulfill⁵ a desire.
　

Central Bank of Russia

Russia's economic boom is over for now, with its stock market down about 70 percent. The ruble is nearing a three-year low. The country's central bank has spent about $150 billion - nearly 25 percent of its reserves - propping⁶ up the currency and increasing market liquidity⁷. Those reserves were accumulated when the price of oil was high.

About half of the Russian budget comes from sales of oil and gas. And more tax revenue is generated by energy industry suppliers. And so, the plummeting⁸ price of crude could soon create a budget deficit⁹, directly impacting Russians employed by the government - more than half the national work force and their families.
　

Konstantin Simonov

Energy consultant¹⁰ Konstantin Simonov, director of the independent National Energy Security Fund in Moscow, says oil producers and suppliers represent two of three legs that support Russia's poorly diversified¹¹ economy.

Simonov says the third leg is the one that helps consume oil and gas profits. It includes restaurant owners, developers, etc, because that oil money enters the economy and is used to buy such things as apartments, cars, and food.

And so, low oil prices and tight credit in Russia mean idle construction cranes, empty automobile¹² showrooms, and slow business in restaurants.

Prime Minister Vladimir Putin recently warned of possible economic difficulties ahead, but also assured Russians their country has every chance to get through those difficulties with minimum loses. Mr. Putin says the big volume of Russian gold reserves will enable the country to get through current domestic and global economic difficulties smoothly¹³ and without any sharp fluctuations¹⁴.

But the prime minister acknowledges rising unemployment, and economists¹⁵ say Russia will deplete¹⁶ its reserves if the price of oil stays low and the global economic crisis continues more than half a year.

At pawnshops, industry president Mikhail Unksov says 95 percent of clients are retrieving¹⁷ their items, which means they are still able to repay loans that average less than $400 [About 10,000 rubles]. He adds most Russians also understand that leaving their gold at a pawnshop is like throwing away a life preserver on a sinking ship.

1 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

2 woes   

困境( woe的名词复数 )； 悲伤； 我好苦哇； 某人就要倒霉

参考例句：

• Thanks for listening to my woes. 谢谢您听我诉说不幸的遭遇。
• She has cried the blues about its financial woes. 对于经济的困难她叫苦不迭。

3 pawns   

n.（国际象棋中的）兵( pawn的名词复数 )；卒；被人利用的人；小卒v.典当，抵押( pawn的第三人称单数 )；以（某事物）担保

参考例句：

• The hostages are being used as political pawns. 人质正被用作政治卒子。
• The allies would fear that they were pawns in a superpower condominium. 这个联盟担心他们会成为超级大国共管的牺牲品。 来自《简明英汉词典》

4 jewelry   

n.（jewllery）（总称）珠宝

参考例句：

• The burglars walked off with all my jewelry.夜盗偷走了我的全部珠宝。
• Jewelry and lace are mostly feminine belongings.珠宝和花边多数是女性用品。

5 fulfill   

vt.履行，实现，完成；满足，使满意

参考例句：

• If you make a promise you should fulfill it.如果你许诺了，你就要履行你的诺言。
• This company should be able to fulfill our requirements.这家公司应该能够满足我们的要求。

6 propping   

支撑

参考例句：

• You can usually find Jack propping up the bar at his local. 你常常可以看见杰克频繁出没于他居住的那家酒店。
• The government was accused of propping up declining industries. 政府被指责支持日益衰败的产业。

7 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

8 plummeting   

v.垂直落下，骤然跌落( plummet的现在分词 )

参考例句：

• Prices are rising, falling, going up, going down, shooting up, plummeting, etc. 物价在上涨、下跌、上升、下落、猛然上涨、骤然下跌等。 来自辞典例句
• The enemy plane went plummeting into the sea. 敌机直直掉进海里。 来自辞典例句

9 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

10 consultant   

n.顾问；会诊医师，专科医生

参考例句：

• He is a consultant on law affairs to the mayor.他是市长的一个法律顾问。
• Originally,Gar had agreed to come up as a consultant.原来，加尔只答应来充当我们的顾问。

11 diversified   

adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域

参考例句：

• The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
• Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》

12 automobile   

n.汽车，机动车

参考例句：

• He is repairing the brake lever of an automobile.他正在修理汽车的刹车杆。
• The automobile slowed down to go around the curves in the road.汽车在路上转弯时放慢了速度。

13 smoothly   

adv.平滑地，顺利地，流利地，流畅地

参考例句：

• The workmen are very cooperative,so the work goes on smoothly.工人们十分合作，所以工作进展顺利。
• Just change one or two words and the sentence will read smoothly.这句话只要动一两个字就顺了。

14 fluctuations   

波动，涨落，起伏( fluctuation的名词复数 )

参考例句：

• He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
• There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。

15 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

16 deplete   

v.弄空，排除，减轻，减少...体液，放去...的血

参考例句：

• Most native mammal species have been severely depleted.大多数本地哺乳动物的数量都已经大大减少了。
• Elastic collisions deplete very little of the electron's energy.弹性碰撞中电子减少的能量非常少。

17 retrieving   

n.检索（过程），取还v.取回( retrieve的现在分词 )；恢复；寻回；检索（储存的信息）

参考例句：

• Ignoring all, he searches the ground carefully for any cigarette-end worth retrieving. 没管打锣的说了什么，他留神的在地上找，看有没有值得拾起来的烟头儿。 来自汉英文学 - 骆驼祥子
• Retrieving the nodules from these great depths is no easy task. 从这样的海底深渊中取回结核可不是容易的事情。 来自辞典例句