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

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  • Publisher: McGraw-Hill Companies, The
  • Pub. Date: May 2007
  • ISBN-13: 9780071492607
  • Sales Rank: 43,105
  • 288pp
 
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Synopsis

How the world's dizzying consumption of oil is poised to forever change the world economies and businesses. This is an informed and compelling look at one of the most critical hot-button topics of the day, by a highly credentialed investment analyst and economist.

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.

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Biography

Peter Tertzakian is an internationally recognized, top-ranked equity analyst with a corporate and institutional clientele throughout North America and Europe.

Customer Reviews

How much oil is there anyway?by hound48

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October 31, 2008: A well written book on the past, present & future of energy. I bought this hoping to find out how much oil was left in the world, and what's going to happen when we run out. While Tertzakian doesn't give an exact date when the last drop will flow, reading this will make you much better informed on the subject.

Well-researched, topical history of the world's oil dilemma.by Anonymous

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September 28, 2006: So many books lately have touted the looming energy crisis that a new book on the topic bears a fairly heavy burden. It must demonstrate a firm grasp of prior scholarship, yet be innovative enough to serve a distinct purpose amid similar tomes. In this regard, author Peter Tertzakian achieves the first objective nicely and comes close on the second. He shares his keen sense of how the impact of energy sources has rippled across history and altered its course. He discusses the concepts of 'energy cycles' and 'energy break points' to explain how inherent mismatches between dwindling supply and growing demand lead to crises that can be resolved only by innovation and 'rebalancing solutions.' Upon closer examination, though, the 'break point' seems referential to the familiar notion of a 'paradigm shift.' And, alas, the author?s menu of alternate energy choices is no more satisfactory than anyone else?s. Given his historical acumen, however, we find that this book is a useful addition to the expert chorus warning the global citizenry to wake up and smell the petroleum.


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