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A Thousand Barrels a Second Hardcover

A Thousand Barrels a Second Hardcover

Rs. 299.00
Rs. 299.00
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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.

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

From the Back Cover

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 Tertzakiandelivers a provocative look at the future of oil andoffers fresh insight into what it will taketo rebalance our energy needs and seize newopportunities.

Tertzakian provides a unique analysis of shifts inenergy trends, describing how past critical junctures-what he calls energy “break points”-developed,evolved, and shaped nations; changed consumerbehavior; and launched or ruined businesses.With the world already consuming 85 millionbarrels of oil a day, Tertzakian answers the topquestions that business leaders, policy makers,investors, and concerned citizens are asking himas 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?
  • Have we entered a new multi-polarworld where energy is the primarysource of geopolitical tension?
  • Are hybrid vehicles our only solutionagainst high gasoline prices?
  • Is China's growing thirst for energysustainable?
  • What sort of global landscape willemerge from the turmoil?
  • Which government policies work andwhich do not?
  • Will nuclear power and coal save theday-again?

    Tertzakian also offers a realistic, informed lookinto the volatile 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.

    Serving as a sobering yet hopeful wake-up call,this book shows how the lessons of history willhelp us find our way toward a better, moresecure energy future.

About the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

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