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Peter Tertzakian's A Thousand Barrels a Second: The Coming Oil Break Point and PDF

By Peter Tertzakian

ISBN-10: 0071468749

ISBN-13: 9780071468749

ISBN-10: 0071492607

ISBN-13: 9780071492607

ISBN-10: 0071502254

ISBN-13: 9780071502252

In 2006, international oil intake will exceed one thousand barrels consistent with moment. the scoop marks an vital switch that would have a far-reaching influence on global economies, investments, and enterprise profitability. In 1000 Barrels a moment, leader power Economist of ARC monetary Peter Tertzakian examines the way forward for oil and bargains insights into what it's going to take to rebalance our power wishes and grab new possibilities. He solutions the pinnacle questions requested through enterprise leaders, coverage makers, traders, and anxious electorate as we method the arrival holiday aspect: Are state-of-the-art excessive oil and fuel costs a part of a regimen enterprise cycle, or are there extra profound forces at play? Are hybrid cars our in simple terms resolution opposed to excessive fuel costs? Is China's becoming thirst for strength sustainable? Which govt regulations paintings and which don't? Will nuclear energy and coal shop the day-again? Tertzakian additionally deals a pragmatic, educated glance into the way forward for our power provide chains and the way our intake styles may well evolve, revealing how governments, companies, or even contributors can meet the arriving demanding situations with higher ideas and suggestions.

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Additional info for A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World

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Of course, he did have some help—a story that’s been under-reported in the history of energy. 29 30 A Thousand Barrels a Second James Watt came from a family of mathematicians and ship builders. He had a brilliant engineering mind. When he saw something mechanical, it was not enough for him to understand how it worked, or even how to fix it; he wanted to discover the principles of physics behind the device in order to improve upon the technology and sometimes radically change it. When Watt learned about the Newcomen Steam Engine, the possibilities of steam power immediately captured his imagination.

Naturally, given his inclination for seeking improvements, he immediately saw some flaws. Newcomen’s engine consumed so much coal because it was fundamentally inefficient. A great deal of heat was being lost somewhere in the boiling process. Using the principles of condensation he learned during these experiments, Watt added a third, separate vessel to the boiler and condenser Newcomen used in order to condense steam more efficiently. Next, Watt improved upon the mechanical design. Newcomen’s engine used a piston with an up and down motion.

Like the plume of a whale’s spout, this flow of oil would inspire another hectic race, drawing men to a new gold rush centered in Pennsylvania. In fact, some of the whalemen who had hunted the sperm whale would find themselves working the derricks as early wildcatters. The oil may have changed, but they were still chasing the whale. The Last Whale Lamp The new fuel, kerosene, was cheap enough to be afforded by nearly everyone. The conversion from whale oil to this new petroleumbased fuel marked the beginning of a sense that cheap, clean energy is our birthright, something we can take for granted.

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A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World by Peter Tertzakian

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