The fake units in a major report on global energy sector

In June 2016, the British oil and gas group BP has released the 65th “Statistical review of world energy” (BP Statistical Review of World Energy) — the world’s only publication, from year to year, publish statistical data on reserves, production and demand of all energy types. The statistics referred to in their studies of the world’s leading agencies and media such as Bloomberg, Financial Times, Kommersant , and others. Most of the data published in the BP Statistical Review is given in MTOE (Million Tonnes of Oil Equivalent, million tonnes of oil equivalent). These units are from the report can be called fake, because they are marked in the same way as conventional MTOE, but their value differs by approximately 2.63 times. Read more →

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