With protests cascading across Arabia, is the world in for another oil shock?

随着反对者在阿拉伯半岛的渗透，世界将会发生另一场石油危机吗？

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In fact, world trade volumes are likely to increase by 12.5 percent this year, the highest rate of growth since before the first oil shock of the 1970s.

实际上，世界贸易额今年可望增长12.5%，达到70年代第一次石油危机以来的最高水平。

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Hence its armed muscle is, in effect, protecting the world from a Middle Eastern oil shock.

因此，美国展示在该地区的武装力量实际上是在保护全世界免受中东石油一旦中断所引发的冲击。

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That is especially true if, as posited by Matthew Simmons in his compelling new book, Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, much of the world's putative reserve oil in Saudi Arabia is not actually there .

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Add to this the work of Matthew Simmons, who in his 2005 book, Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, analyzed papers presented at Petroleum Engineering conferences, and concluded that the super-giant Ghawar field would soon enter a period of decline.

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Even during the oil shock of the mid-1970s, world output continued to expand by almost 2% a year.

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