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.