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

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9780071492607: A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World

A Powerful Analysis of Our Oil Addiction and a New Direction for Global Energy

In 2006, world oil consumption exceeded one thousand barrels per second-a level with enormous impact on the environment, world economies, investments, and business profitability. A Thousand Barrels a Second examines the future of oil and the nature of our energy supply, revealing how governments, businesses, and individuals can meet the coming challenges with better solutions and innovations.

A Thousand Barrels a Second is a book that arrives just in time.”-U.S. Representative Charles F. Bass, (R-NH), member House Energy and Commerce Committee

“Peter Tertzakian's analysis of world oil is a fascinating reminder that history often foretells the major turning points of the future.”-Gwyn Morgan, President & Chief Executive Officer, EnCana Corporation

“An excellent book! In my more than 40 years in the industry I can't think of a publication which has so clearly discussed the global challenges of today's demands and tomorrow's requirements.”-Peter Gaffney, Senior Partner, Gaffney, Cline & Associates

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From the Back Cover:

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 delivers a provocative look at the future of oil and offers fresh insight into what it will take to rebalance our energy needs and seize new opportunities.

Tertzakian provides a unique analysis of shifts in energy trends, describing how past critical junctures -what he calls energy “break points”-developed, evolved, and shaped nations; changed consumer behavior; and launched or ruined businesses. With the world already consuming 85 million barrels of oil a day, Tertzakian answers the top questions that business leaders, policy makers, investors, and concerned citizens are asking him 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?
  • Have we entered a new multi-polar world where energy is the primary source of geopolitical tension?
  • Are hybrid vehicles our only solution against high gasoline prices?
  • Is China's growing thirst for energy sustainable?
  • What sort of global landscape will emerge from the turmoil?
  • 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 volatile 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.

Serving as a sobering yet hopeful wake-up call, this book shows how the lessons of history will help us find our way toward a better, more secure energy future.

About the Author:

Peter Tertzakian is Chief Energy Economist of ARC Financial Corporation, and has become an internationally recognized analyst. Tertzakian publishes ARC Energy Charts, a weekly synopsis of world energy trends. For more information about the future of energy, visit athousandbarrelsasecond.com.

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