NEWS ARCHIVE

Slugcatcher's shaky maths exposed

"IN his latest column, Slugcatcher refers to a daily oil consumption of 80 million barrels or slightly more, how does this equate to 80 billion a year?" writes Chris Gilbert of Origin Energy.

Chris, Slugcatcher maintains he is a philosopher, not a mathematician. But you have caught him and EnergyReview.net in a major and embarassing mathematical blunder. The annual figure should be 30 billion barrels (or 29.2 billion to be more precise).

Unfortunately this also undermines the premise of Slugcatcher's next column. This hard-hitting piece was going to show that not only have we passed the point of peak oil, but oil would actually run out altogether within 10 years.

Oh well, back to the drawing board.

Chris' commemorative squashed slug is in the mail.

Thanks to the wonders of web publishing, The Slug's error has been corrected and is no longer to be found in his opinion piece. While Slugcatcher's mathematics leave much to be desired, he stands by the rest of his comments (for now).

Regards,

The PNN editorial team

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry