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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
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
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:
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.
Introduction: The Coming Oil Break Point
Chapter 1: Lighting the Last Whale Lamp
Chapter 2: The Thirty-Three Percent Advantage
Chapter 3: Not a Wheel Turns
Chapter 4: To The Ends of the Earth
Chapter 5: The Technology Ticket
Chapter 6: The Next Great Balancing Act
Chapter 7: A Golden Age of Energy Opportunity
Posted October 31, 2008
A well written book on the past, present & future of energy. I bought this hoping to find out how much oil was left in the world, and what's going to happen when we run out. While Tertzakian doesn't give an exact date when the last drop will flow, reading this will make you much better informed on the subject.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 28, 2006
So many books lately have touted the looming energy crisis that a new book on the topic bears a fairly heavy burden. It must demonstrate a firm grasp of prior scholarship, yet be innovative enough to serve a distinct purpose amid similar tomes. In this regard, author Peter Tertzakian achieves the first objective nicely and comes close on the second. He shares his keen sense of how the impact of energy sources has rippled across history and altered its course. He discusses the concepts of 'energy cycles' and 'energy break points' to explain how inherent mismatches between dwindling supply and growing demand lead to crises that can be resolved only by innovation and 'rebalancing solutions.' Upon closer examination, though, the 'break point' seems referential to the familiar notion of a 'paradigm shift.' And, alas, the author¿s menu of alternate energy choices is no more satisfactory than anyone else¿s. Given his historical acumen, however, we find that this book is a useful addition to the expert chorus warning the global citizenry to wake up and smell the petroleum.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 4, 2006
Well written and insightful, this book covers the subject with interesting lessons from history and a clear discussion of issues on both the supply and the demand sides of the global market for crude oil. Without being alarmist or politically oriented, the author presents a picture that is sobering and more than a little disconcerting. Unforunately, there is not enough discussion of alternatives and new technologies. For example, the author implies that LNG will be a much more important part of the future energy mix in the U.S., as it is now in Korea and Japan, but there is no discussion of supply and demand issues affecting natural gas prices. Similarly, there is little mention of the oil shale reserves in Colorado and Utah, potentially a huge sourcce of future energy, notwithstanding a good discussion of the oil sands of Alberta. More significantly, there is no discussion new Fischer-Tropsch technologies, IGCC coal-fired power plants, the production of hydrogen from coal with carbon sequestration (e.g., the government-sponsored 'FutureGen' project), and other new developments. Technologies such as these are either not mentioned or glossed over as too remote or too harmful to the environment to attract the necessary public support. A contrary case can be made, and it would have been interesting to see the author apply his clear and succinct style to that contrary case, if only to refute it.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted January 28, 2009
No text was provided for this review.