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

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In 2006, world oil consumption will exceed onethousand barrels per second. The news marks animportant change that will have a far-reachingimpact on world economies, investments, and businessprofitability.

In A Thousand Barrels a Second, Chief EnergyEconomist of ARC Financial Peter Tertzakiandelivers a provocative look at the future of oil andoffers fresh insight into what it will taketo rebalance our energy needs and seize newopportunities.

Tertzakian provides a unique analysis of shifts inenergy trends, describing how past critical junctures-what he calls energy “break points”-developed,evolved, and shaped nations; changed consumerbehavior; and launched or ruined businesses.With the world already consuming 85 millionbarrels of oil a day, Tertzakian answers the topquestions that business leaders, policy makers,investors, and concerned citizens are asking himas we approach the coming break point:

• Are today's high oil and gas pricespart of a routine business cycle, or arethere more profound forces at play?
• Have we entered a new multi-polarworld where energy is the primarysource of geopolitical tension?
• Are hybrid vehicles our only solutionagainst high gasoline prices?
• Is China's growing thirst for energysustainable?
• What sort of global landscape willemerge from the turmoil?
• Which government policies work andwhich do not?
• Will nuclear power and coal save theday-again?

Tertzakian also offers a realistic, informed lookinto the volatile future of our energy supply chainsand how our consumption patterns may evolve,revealing how governments, businesses, and evenindividuals can meet the coming challenges withbetter solutions and innovations.

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