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Average rating: 4/5

Based on 2 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. | May 9, 2007 | Trade Paperback

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

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This item is found in: Business and Finance

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  • Community Reviews
  • 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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