We study streaming algorithms for the interval selection problem: finding a maximum cardinality subset of disjoint intervals on the line. A deterministic 2-approximation streaming algorithm for this problem is developed, together with an algorithm for the special case of proper intervals, achieving improved approximation ratio of 3/2. We complement these upper bounds by proving that they are essentially best possible in the streaming setting: it is shown that an approximation ratio of $2 - ε$ (or $3 / 2 - ε$ for proper intervals) cannot be achieved unless the space is linear in the input size. In passing, we also answer an open question of Adler and Azar \cite{AdlerAzar03} regarding the space complexity of constant-competitive randomized preemptive online algorithms for the same problem.