Addicted to Oil - What You Need to Know

Peter Tertzakian

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 his important new book, A Thousand Barrels a Second, The Coming Oil Break Point and The Challenges Facing an Energy Dependent World, 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.

Peter 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?

Peter's Bio
Peter Tertzakian is the Chief Energy Economist and a Director of ARC Financial Corporation. He is also a member of ARC's Investment Committee. In addition to directing ARC’s economic research, he also publishes ARC Energy Charts, a weekly journal of energy trends.

Peter began his career as a geophysicist with the Chevron Corporation in 1982 where he spent eight years working in field operations, seismic data processing and geophysical software development. In 1990, Peter left the oil and gas business and entered the financial services industry.

By the time he joined ARC Financial Corporation in 2002 Peter was a well-recognized, top ranked equity analyst among an institutional client base that spanned Canada, Europe and the United States.

Peter has an undergraduate degree in Geophysics from the University of Alberta, and a graduate degree in Econometrics from the University of Southampton, U.K. He also holds a Master of Science in Management of Technology from the Sloan School of Management at MIT.

Peter is a member of the board of directors of Brigantine Energy Inc., Alberta Clipper Energy Ltd. and on the board of directors of the Honens International Piano Competition.

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