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A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World [Paperback]

Peter Tertzakian
4.6 out of 5 stars  See all reviews (5 customer reviews)
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Book Description

May 9 2007

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


Frequently Bought Together

A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World + The End of Energy Obesity: Breaking Today's Energy Addiction for a Prosperous and Secure Tomorrow + The Prize: The Epic Quest for Oil, Money & Power
Price For All Three: CDN$ 55.09


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Product Description

From Publishers Weekly

Though written by an energy industry investment analyst and intended primarily for investors, this book makes a convincing, layreader-friendly case that the end of oil is nigh and it's time to get serious about energy alternatives now that the world is at "the dawn of a new energy age" that will pit the U.S. against China in the struggle for oil. Tertzakian provides an excellent primer on oil's history, uses, supply chains and politics, including dozens of charts and graphs to illustrate the bleak outlook for oil's future. The future of energy, Tertzakian advises, is an amalgamation of increasing dependence on alternative fuels (biofuel, nuclear and green sources) and conservation. He admits conservation is a tough sell for big earners who will be able to afford the $4 per gallon gasoline will inevitably cost, but he notes in the same breath that low- and moderate-income earners and energy inefficient industries will suffer the most. His analyses of energy consumption cycles and their breakpoints and rebalancing periods (when a fossil fuel becomes too expensive or difficult to obtain and society must change sources to maintain its economy) lend factual heft to his outlook. Though the author neglects significant facts-such as the influence of the CIA in the fall of Mossadegh in Iran and the threat of global warming-the book should be required reading for policymakers.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the Hardcover edition.

From Booklist

The coming "break point" Tertzakian describes--more a period than a moment, really--is the next 5 to 10 years, during which rising oil prices and market volatility will force structural changes in how we extract and expend energy. Both a chronicle of previous break points and their consequences--including the shifts from whale oil to kerosene lighting, coal- to oil-fueled navies, and steam to electric engines--and a carefully considered economic analysis of our present conundrum, this book offers no magic-bullet solution to the increasingly uncomfortable primacy of petroleum as the world's fuel of choice. Nor is it as alarmist as its title suggests, although Tertzakian harbors no illusions about the discomfort the next decades will bring. Rather, his cost-benefit analysis points toward pursuing a plurality of minor incremental solutions (mostly familiar, like smaller cars and biodiesel) as the next major fuel source (sorry, probably not hydrogen) emerges. Refreshingly measured and pragmatic, this account also is illuminating as a quick historical primer of the oil industry. Brendan Driscoll
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.

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Customer Reviews

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4.6 out of 5 stars
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3 of 3 people found the following review helpful
Format:Hardcover
This was a very well written book on the history of energy and our absolute dependence on it, especially oil. He very simply goes through the history of energy in our lives, from whale oil to nuclear power and how it has driven our economies and fostered an unbelieveable surge of innovation and advancement in technology and also how this has affected our everyday lives. As someone with not much knowledge of the energy industry or its history, I was very pleased with this book, the ease of readablity and understanding. The author shows us where we've come from and where we're likely to go within the next 5 to 10 years in regards to our energy usage. Also some good information for investors looking for possible new investments in an already growing sector of the economy and one that looks like will not stop its staggering growth. A must read for anyone interested in economics/history/investing.
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4.0 out of 5 stars good warning June 19 2006
Format:Hardcover
The growth of so many large poor nations means greater needs on oil and raw materials of all sorts. This book is gives warnings on the future troubles of shortage of oil. Worth read. But its scope is rather limited and its analysis. A far better read on a changing global economic map is this book: China's global reach: markets, multinationals, and globalization by a Chinese journalist George Zhibin Gu.
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5.0 out of 5 stars Great to pair with End of Energy Obesity Dec 13 2013
Format:Paperback|Verified Purchase
We were fortunate enough to meet Tertzakian in person and listen to him in a debate, speak with him afterwards. Very sincere and approachable man who knows his stuff!
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4.0 out of 5 stars I like it Nov. 14 2013
Format:Paperback|Verified Purchase
great background information, on the history of oil and its
pominance in the world economy. Changed my prespective
and Iam in an oil producing coutry.
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Format:Paperback
This is an excellent body of work that is written in a professional manner that is not meant to doomsay but meant to inform. I enjoyed the book very much.
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