“25% of the increase (and) in oil prices is strictly (did) due to the (effect) fact that dollar has gone down by 25%, because oil all over the world is priced (them) in dollars.”

       Taken(ing) together, H says (the easndozen) these and other factors have made for a perfect storm that relentlessly drives up oil prices with no end in (site) sight.

What can be done about it? H says oil prices will moderate (that) if supply (would) were increased and world demand leveled off or subsided. He says prices would also be lower if oil producing nations reversed the trend towards (stay) state monopoly control of (that) their petroleum sectors. If the U.S. government stopped stockpiling emergency oil for its (chetijec) strategic petroleum reserve program (will), or if the U.S. dollar (will shrink) were to strengthen.

For that last suggestion to become reality however, U.S. interest rates would likely have to rise, something American central bank is unlikely to tolerate so long as the United States economy remains weak.

Ironically, many economists blamed American’s anemic economic performance in part on higher fuel prices.

NEW WORDS:

In sight: v 被看到

level off：平稳

stockpiling：n 囤积的物资，v 大量贮备

anemic：a 贫血的

TIPS:

今天感觉难，these and other都听不出了，strategic，strengthen第N次了，没听出，还有那么多的虚拟，小词：strategic，strengthen，due to，relentlessly，monopoly