A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World by Peter Tertzakian, Dick Hill (Read by)

From the Publisher

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

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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Table of Contents