Thousand Barrels A Second

Examines the future of oil and offers insights into what it will take to rebalance our energy needs and seize opportunities. This title offers a 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 solutions. 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. In 2006, world oil consumption will exceed onethousand barrels per second. The news marks animportant change that will have a far-reachingimpact on world economies, investments, and businessprofitability. In A Thousand Barrels a Second, Chief EnergyEconomist of ARC Financial Peter Tertzakianexamines the future of oil andoffers insights into what it will taketo rebalance our energy needs and seize newopportunities. He answers the topquestions asked by business leaders, policy makers,investors, and concerned citizens as we approach the coming break point:

• Are today's high oil and gas pricespart of a routine business cycle, or arethere more profound forces at play?
• Are hybrid vehicles our only solutionagainst high gasoline prices?
• Is China's growing thirst for energysustainable?
• Which government policies work andwhich do not?
• Will nuclear power and coal save theday-again?

Tertzakian also offers a realistic, informed lookinto the future of our energy supply chainsand how our consumption patterns may evolve,revealing how governments, businesses, and evenindividuals can meet the coming challenges withbetter solutions and innovations.