Peter Tertzakian
Peter Tertzakian
Peter Tertzakian is an economist, investment strategist, author and public speaker. He is Chief Energy Economist & Managing Director at ARC Financial Corporation, an energy-focused private equity firm. With over 25 years in the energy industry and finance industry, Tertzakian is responsible for strategic investment research. His two books, A Thousand Barrels a Second and The End of Energy Obesity, both examine the transformation of the global energy sector through economic, environmental and geopolitical pressures. In addition to English, translated...
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The greatest asset of America is to rally around a cause. That cause will have to come from leadership. Policy and action may be complicated, and changes certainly won't happen overnight, but we've got to start somewhere, and the first step is in creating interest that can turn into action.
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It's very volatile right now. On one hand, we're consuming a lot, consumption and demand are growing globally, and these geo-political issues are very difficult to tame.
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There's a major differentiating factor between consumer electronics and other types of technology, and that's time.
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From airplanes to lawnmowers, oil is everywhere in our society. Complex supply chains have been created to feed this addiction, and it reaches farther and deeper than most people realize. Trying to introduce a new supply chain in a short time to substitute for this massive system that's been built over 150 years is unrealistic.
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Fortunes will be made picking the carcass of the old energy industry and tapping into the technology and services that will typify the new energy industry.