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Pb03 Posted 16 years ago
Vocabulary
Give ranges for ...
Hi guys,
In the following sentences, what do you think of the best interpretation of the words marked in red?
(I've tried to figure out the meaning but it's not easy for me... Giving ranges? And "for 2020"? Is it same with "during 2020"?)
Any idea would be grateful and will be a big help for me.
Many thanks~!
pb
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In the Baseline scenario, the price of CO2 equals 22€/t. With the New Energy Policy, the carbon price is equal to 41€/t of CO2 and is determined endogenously in order to reach the 20 % emission reduction target under moderate energy prices.
Given the uncertainty concerning crude oil prices, both the Baseline and New Energy Policy cases are described by giving ranges for 2020 depending on a moderate or high oil price environment. The moderate price environment means an oil price of 61$ (2005)/barrel in 2020. The high price environment would have an oil price in 2005 money of 100 $/barrel in 2020.
In the following sentences, what do you think of the best interpretation of the words marked in red?
(I've tried to figure out the meaning but it's not easy for me... Giving ranges? And "for 2020"? Is it same with "during 2020"?)
Any idea would be grateful and will be a big help for me.
Many thanks~!
pb
---------------
In the Baseline scenario, the price of CO2 equals 22€/t. With the New Energy Policy, the carbon price is equal to 41€/t of CO2 and is determined endogenously in order to reach the 20 % emission reduction target under moderate energy prices.
Given the uncertainty concerning crude oil prices, both the Baseline and New Energy Policy cases are described by giving ranges for 2020 depending on a moderate or high oil price environment. The moderate price environment means an oil price of 61$ (2005)/barrel in 2020. The high price environment would have an oil price in 2005 money of 100 $/barrel in 2020.
Top answer
In 2010, crude oil costs £***. In 2020, I estimate that it will cost somewhere between £YYY and £ZZZ. 'somewhere between' =the range 'rangeS' because the two policies ( (1) Baseline and (2) New Energy Policy calculate the range, the 'somewhere between' differently, and so the ranges will differ.
- In 2010, crude oil costs £***.
- In 2020, I estimate that it will cost somewhere between £YYY and £ZZZ.
- 'somewhere between' =the range 'rangeS' because the two policies ( (1) Baseline and (2) New Energy Policy calculate the range, the 'somewhere between' differently, and so the ranges will differ.
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2 Answers
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In 2010, crude oil costs £***. In 2020, I estimate that it will cost somewhere between £YYY and £ZZZ.
'somewhere between' =the range
'rangeS' because the two policies ( (1) Baseline and (2) New Energy Policy calculate the range, the 'somewhere between' differently, and so the ranges will differ.
'somewhere between' =the range
'rangeS' because the two policies ( (1) Baseline and (2) New Energy Policy calculate the range, the 'somewhere between' differently, and so the ranges will differ.
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Let's say you have a formula for predicting the future price of something, based on current information. Prehaps the formula yields one figure. But you know it's only an approximation, because you know a lot of things may change unpredictably in the meantime.
So you put in some fudge factors. You try to guess how much certain factors may vary, and how that variation may effect the pri
So you put in some fudge factors. You try to guess how much certain factors may vary, and how that variation may effect the pri
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