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Average rating: 5/5

Based on 8 ratings

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

by Peter Tertzakian

McGraw-Hill Companies,Inc. | January 19, 2006 | Hardcover

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.

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Rating: 4/5

Petroleum Blues

Peter Bursztyn

6 years ago

This is a book all North Americans should read. We seem blissfully unaware of the fact that our motor vehicles are using a non-renewable resource which will eventually run out. In fact, this book explains that we will not actually run out of oil. Instead, its price will rise as we need to exploit harder to extract, and more costly petroleum. As the price of petroleum products rises, it becomes profitable and therefore possible to pump oil up from deep under the sea. It becomes possible to explore ever more remote sites - like the northern slope of Alaska. Canadian tar sands were not profitable when the price was $20 per barrel. At $40 and $60, they are real money makers.

This book should be required reading for conservative presidents of the U.S.A.. Perhaps somebody will read it to him . . .

Comments on this review:
Kent Carter

I can't overstate the extent to which Peter Tertzakian knows what he is talking about. If anyone wants a true picture as to why oil prices are where they are and what they will do in the future, they should read this book. We are not running out of reserves, writes Tertzakian, "[T]he real issue is that we are running out of the reserves that provide enough economic incentive to produce with today's technology and in our current geopolitical atmosphere."

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