FUEL OIL OUTLOOK
LITTLE CAUSE FOR OPTIMISM PRODUCTION DIFFICULTIES P.A. WELLINGTON, Jan. 23. “The year 1948 will be a difficult one in terms of oil and oil fuels,” said Mr J. L. Flanagan, of London, fuel oil manager of tne Shell Petroleum Company, who arrived to-day by the Athenic from London on a three weeks’ visit to New Zealand. There was little optimism concerning any material improvement this year, Mr Flanagan continued. The 1 oil was in the ground all right, but it was a question of producing it, largely because of the shortage of steel. As a result of the war there was a .worldwide shortage of fuel oil. Whereas, before the war the United States was one of the biggest exporters of fuel oil products, she was now a large importer from the Caribbean area. Mr Flanagan said he was sure that the future would reveal far more oil available than there ever had been and it was only a question of the ability of the industry to secure all that was necessary to extract and distribute the products. In the meantime, however, there was a terrific demand for fuel oil in the United Kingdom and Europe, largely because of the shortage of coal.
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Bibliographic details
Otago Daily Times, Issue 26677, 24 January 1948, Page 9
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206FUEL OIL OUTLOOK Otago Daily Times, Issue 26677, 24 January 1948, Page 9
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