A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World / Edition 1

by Peter Tertzakian

Overview

In 2006, world oil consumption will exceed onethousand barrels per second. The news marks animportant change that will have a far-reachingimpact on world economies, investments, and businessprofitability.

In A Thousand Barrels a Second, Chief EnergyEconomist of ARC Financial Peter Tertzakianexamines the future of oil andoffers insights into what it will taketo rebalance our energy needs and seize newopportunities. He answers the topquestions asked by business leaders, policy makers,investors, and concerned citizens as we approach the coming break point:

• Are today's high oil and gas pricespart of a routine business cycle, or arethere more profound forces at play?
• Are hybrid vehicles our only solutionagainst high gasoline prices?
• Is China's growing thirst for energysustainable?
• Which government policies work andwhich do not?
• Will nuclear power and coal save theday-again?

Tertzakian also offers a realistic, informed lookinto the future of our energy supply chainsand how our consumption patterns may evolve,revealing how governments, businesses, and evenindividuals can meet the coming challenges withbetter solutions and innovations.

Product Details

ISBN-13:	9780071468749
Publisher:	McGraw Hill LLC
Publication date:	01/15/2006
Pages:	240
Product dimensions:	6.00(w) x 9.20(h) x 1.00(d)

About the Author

Peter Tertzakian is ChiefEnergy Economist of ARCFinancial Corporation, one ofthe world's leading privateequity firms focused onenergy. His background ingeophysics, economics,and finance, combined withhis entrepreneurial spirit,helped him rise from the trenches of hands-on oilexploration fieldwork to become an internationallyrecognized, top-ranked analyst with corporate andinstitutional following in boardrooms internationally.Tertzakian publishes ARC Energy Charts, a weeklysynopsis of world energy trends.For more information visitwww.athousandbarrelsasecond.com

Table of Contents

1. Lighting the Last Whale Lamp
2.Victory on a Wave of Oil
3.Pressure Build Up
4.The Coming Oil Breakpoint
5.The Next Great Rebalancing Act
6.Alternatives to Alternative Energy
7.A Golden Age of Energy Opportunity

Editorial Reviews

Economist Tertzakian (director, ARC Financial Corp.) paints a grim picture of the current state of energy in the world, providing ample historical context and raising important questions about energy use in the past, present, and future. The author refreshingly reminds us that there is still plenty of oil in the ground, but it's getting harder to access. His discussion of energy supply chains is illuminating as he makes the case that a "break point" in the system is inevitable and could cause an energy crisis. While much of what Tertzakian states is not new (e.g., the need to conserve energy resources and embrace new energy solutions), he reminds us how technology using hydrogen and other "renewable" resources might help fill the resource gap. He also points out that although the United States has long been the number one energy-using country, China may soon overtake us, with geopolitical implications; Russia may prove a more powerful energy supplier than any of the Middle Eastern countries in the future. Being an economist, Tertzakian provides a great deal of data, which may overwhelm the reader, but there is no mistaking his point that "our birthright of abundant, reliable energy is coming to an end" and that our energy options are rapidly dwindling. Highly recommended for all public libraries and business collections.-Richard Drezen, Washington Post, New York City Bureau Copyright 2006 Reed Business Information.

Library Journal

The ominous and timely subject of oil consumption, particularly in the United States, makes this title both interesting and current. Dick Hill's narration has the tone of a high-quality 1950s radio announcer. His pronunciation is crisp and precise as he tells this tale of woe in which American dependence on foreign oil creates an increasing interest in the welfare of oil-producing countries. The situation has only gotten worse since this work’s first publication in 2006. Hill manages to make the dire predictions surrounding this mounting crisis more palpable with his even and measured delivery. One could almost be lulled by his rhythmic tone if it weren't for the alarming content of his words. M.R. © AudioFile 2008, Portland, Maine

OCTOBER 2008 - AudioFile