PEROLEUM NEWS.

Taranaki Daily News, Volume L, Issue 59, 17 May 1907, Page 4

PEROLEUM NEWS.

The Petroleum Review states the British Admiralty are apparently going ahead as fast as circumstances will permit in regard to the general adoption of liquid fuel upon all its ocean-going craft, and in this respect it is significant to note that during the pasL few days two voxels have been launched in the construction of which preference has been given to the claims of liquid fuel as against coal. Other torpedo destroyers are being built upon which oil fuel will be used—a fact which says much for the opinion of the Admiralty in regard to oil as a power. That our Admiralty are going into the matter in no half-hearted ■manner is also seen by the eli'orts that ,are now being put forward to secure ! suitable sites for the erection of storage accommodation around our shores. At !l)evonport, it will be remembered, large storages have already been erected,, but it has now been decided to provide stor--1 age room at the naval ports in order to ihave oil fuel sullicient at any time for a fleet at Slieerness, Portsmouth, (Jib raltar. Malta, and other bases. The accommodation at each of the places will, we learn from Admiralty circles, be for ,several thousand tons. One all-import-ant factor which has led our authorities to go so extensively for the use of liquid fuel is the enormous saving which will make itself immediately seen ill the animal coal bill. The present coaling bill, i inckiding the cost of labor and cratt, w s'.>i:vwhere in the region of C1.800,01)1). ami it is now estimated that thi- can in' directly reduced by at least 20 per c lit. by using oil fuel. •