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

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

Though written by an energy industry investment analyst and intended primarily for investors, this book makes a convincing, layreader-friendly case that the end of oil is nigh and it's time to get serious about energy alternatives now that the world is at "the dawn of a new energy age" that will pit the U.S. against China in the struggle for oil. Tertzakian provides an excellent primer on oil's history, uses, supply chains and politics, including dozens of charts and graphs to illustrate the bleak outlook for oil's future. The future of energy, Tertzakian advises, is an amalgamation of increasing dependence on alternative fuels (biofuel, nuclear and green sources) and conservation. He admits conservation is a tough sell for big earners who will be able to afford the $4 per gallon gasoline will inevitably cost, but he notes in the same breath that low- and moderate-income earners and energy inefficient industries will suffer the most. His analyses of energy consumption cycles and their breakpoints and rebalancing periods (when a fossil fuel becomes too expensive or difficult to obtain and society must change sources to maintain its economy) lend factual heft to his outlook. Though the author neglects significant facts-such as the influence of the CIA in the fall of Mossadegh in Iran and the threat of global warming-the book should be required reading for policymakers.
Copyright (c) Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
-- PUBLISHERS WEEKLY.

Author Information

Bio of Peter Tertzakian

Peter Tertzakian is Chief Energy Economist of ARC Financial Corporation, one of the world's leading private equity firms focused on energy. His background in geophysics, economics, and finance, combined with his entrepreneurial spirit, helped him rise from the trenches of hands-on oil exploration fieldwork to become an internationally recognized, top-ranked analyst with corporate and institutional following in boardrooms internationally. Tertzakian publishes ARC Energy Charts, a weekly synopsis of world energy trends. For more information visit www.athousandbarrelsasecond.com

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Additional Info

Imprint

McGraw-Hill

Filesize

2.10 MB

Number of Pages

240

eBook ISBN

0071510729