Peter Tertzakian

Peter Tertzakian, founder of Studio.Energy and an energy industry veteran, shares insights on the oil industry's current state. He discusses the paradox of rising production costs alongside falling crude prices that threaten profitability. Tertzakian explores the impact of geopolitical factors and market volatility, questioning the future viability of oil production. He also highlights the growing demand for liquefied natural gas as a key player in the energy landscape, while addressing talent challenges and the need for innovation in extraction methods.

Peter Tertzakian, managing director at Arc Financial, discusses why oil production hasn't responded to soaring prices despite North America's ample supply. He highlights operational challenges like aging equipment and labor shortages, alongside cautious investor sentiment that stifles new projects. The conversation delves into the complexities of restarting dormant wells and the urgent need to engage a new generation in the energy sector. Tertzakian also touches on balancing the industry's current realities with the transition to renewable energy.

Peter Terzakian, a prominent energy economist and founder of Studio.Energy, dives into Alberta's ambitious proposal for a new one-million-barrel-a-day oil pipeline to the B.C. coast. He discusses the current mood in the oil industry, transitioning from despair to cautious optimism. Terzakian outlines the significant financial and regulatory challenges faced in getting a pipeline built. He emphasizes the need for government-industry alignment and predicts a timeline of two years for permits and five to ten years for significant production increases. He also addresses the evolving dynamics of oil demand.