A Thousand Barrels a Second

Overview

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 examines the future of oil and offers insights into what it will take to rebalance our energy needs and seize new opportunities. He answers the top questions asked by business leaders, policy makers, investors, and concerned citizens 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?
• Are hybrid vehicles our only solution against high gasoline prices?
• Is China's growing thirst for energy sustainable?
• 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 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.

Biographical note

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
www.athousandbarrelsasecond.com

Back cover copy

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.