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

by Peter Tertzakian Narrated by Dick Hill

Overview

In 2006, world oil consumption will exceed one thousand barrels per second. The news marks an important change that will have a far-reaching impact on world economies, investments, and business profitability.

In A Thousand Barrels a Second, Chief Energy Economist of ARC Financial Peter Tertzakian examines the future of oil and offers insights into what it will take to rebalance our energy needs and seize new opportunities. He answers the top questions asked by business leaders, policy makers, investors, and concerned citizens as we approach the coming break point:

• Are today's high oil and gas prices part of a routine business cycle, or are there more profound forces at play?
• Are hybrid vehicles our only solution against high gasoline prices?
• Is China's growing thirst for energy sustainable?
• Which government policies work and which do not?
• Will nuclear power and coal save the day-again?

Tertzakian also offers a realistic, informed look into the future of our energy supply chains and how our consumption patterns may evolve, revealing how governments, businesses, and even individuals can meet the coming challenges with better solutions and innovations.

Editorial Reviews

Library Journal

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.

OCTOBER 2008 - AudioFile

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

Product Details

BN ID:	2940173228215
Publisher:	McGraw Hill-Ascent Audio
Publication date:	02/09/2006
Edition description:	Unabridged

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