A special speaker at the opening session at the Houston convention notes that this year world oil consumption will exceed 1,000 barrels per second, consuming 854 million barrels oil a day.
The news marks an important change that will have a far-reaching impact on world economies, investments and business profitability.
In his book released in January, 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, of Calgary, analyzes shifts in energy trends, describing -- what he calls energy “break points” -- that developed, evolved and shaped nations, changed consumer behavior and launched or ruined businesses.
Tertzakian’s talk at the Opening Session on Sunday, April 9, will take on some of the top questions he’s asked about as we approach the coming break point.
He began his career as a geophysicist with Chevron in 1982, where he spent eight years working in field operations, seismic data processing and geophysical software development. In 1990, he left the oil and gas business and entered the financial services industry with specialty in analyzing technology and energy related businesses, and joined ARC in 2002.