OIES Review of Energy Costs

Those who either from want of knowledge or from interested motives advocate the universal adoption of oil fuel in place of coal generally claim that it would be quite possible to supply oil of the necessary quality at 30s or 35s a ton, and that oil as a fuel is worth twice as much as coal, so that there would be an economy  n cost as well as the enormous conveniences of liquid fuel for power production. Such an idea is a mass of fallacies; the fuel oil supply is totally inadequate; there is no guarantee of a continuous supply; the price of fuel oil is now &3 a ton and over, and its value as a fuel only one and a half times that of coal; and as the general adoption of liquid fuel must be a commercial question, it is not likely that keen businessmen will Iook at oil as a general fuel as long as this country can produce coal at anything like the present price. (Professor Vivian B. Lewis FIC, FCS in ”Oil Fuel” 1913).

By: Philip Barnes

Latest Tweets from @OxfordEnergy

  • The Economist cites an OIES study: until oil-exporting countries shift economies away from oil, they need to cover… https://t.co/qylvo2LwFw

    March 16th

  • OIES's @thierry_bros interviewed by Radio Vatican on East Med gas. https://t.co/pRhtO5AtfN

    March 15th

  • After the Gazprom-Naftogaz arbitration: commerce still entangled in politics https://t.co/Pljui3Ao56

    March 15th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.