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 Challenges Facing an Energy Dependent World [NOOK Book]


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:

  • 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


  • 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


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.

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Editorial Reviews

Library Journal
Economist Tertzakian (director, ARC Financial Corp.) paints a grim picture of the current state of energy in the world, providing ample historical context and raising important questions about energy use in the past, present, and future. The author refreshingly reminds us that there is still plenty of oil in the ground, but it's getting harder to access. His discussion of energy supply chains is illuminating as he makes the case that a "break point" in the system is inevitable and could cause an energy crisis. While much of what Tertzakian states is not new (e.g., the need to conserve energy resources and embrace new energy solutions), he reminds us how technology using hydrogen and other "renewable" resources might help fill the resource gap. He also points out that although the United States has long been the number one energy-using country, China may soon overtake us, with geopolitical implications; Russia may prove a more powerful energy supplier than any of the Middle Eastern countries in the future. Being an economist, Tertzakian provides a great deal of data, which may overwhelm the reader, but there is no mistaking his point that "our birthright of abundant, reliable energy is coming to an end" and that our energy options are rapidly dwindling. Highly recommended for all public libraries and business collections.-Richard Drezen, Washington Post, New York City Bureau Copyright 2006 Reed Business Information.
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Product Details

  • ISBN-13: 9780071502252
  • Publisher: McGraw-Hill Education
  • Publication date: 1/19/2006
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 240
  • Sales rank: 573,362
  • File size: 2 MB

Meet the Author

Peter Tertzakian is Chief

Energy Economist of ARC

Financial Corporation, one of

the world's leading private

equity firms focused on

energy. His background in

geophysics, economics,

and finance, combined with

his entrepreneurial spirit,

helped him rise from the trenches of hands-on oil

exploration fieldwork to become an internationally

recognized, top-ranked analyst with corporate and

institutional following in boardrooms internationally.

Tertzakian publishes ARC Energy Charts, a weekly

synopsis of world energy trends.

For more information visit


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Table of Contents

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

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

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Sort by: Showing all of 4 Customer Reviews
  • Posted October 31, 2008

    more from this reviewer

    How much oil is there anyway?

    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.

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  • Anonymous

    Posted September 28, 2006

    Well-researched, topical history of the world's oil dilemma.

    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.

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  • Anonymous

    Posted September 4, 2006

    Interesting and Balanced

    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.

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  • Anonymous

    Posted January 28, 2009

    No text was provided for this review.

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