“It’s a shame that anybody is allowed to put oil under a boiler--for this reason, that when oil is used in an oil engine it realises about five times greater effect.... “The moment the price of oil is £5 a ton it will not be used anywhere under a boiler for steam raising, and the whole world’s supply will be available for the Navy and the Diesel Engine.... “I am going to raise every penny I can get and build storage, and even when I have built five million tons of storage I am still going on building it and filling it, even if it is only for the pleasure of looking at it. It is always so much condensed labour stored for the future.... “Oil fuel when stored, does not deteriorate as coal does. The stocks would therefore constitute a national asset, the intrinsic value of which would not diminish.”... (Mr. Deterding before the Royal Commission on Oil and Oil Engines.) My Memorandum was as follows:-- Mr. Deterding in his evidence before the Royal Commission, confesses that he possesses in Roumania, in Russia, in California, in the Dutch Indies, in Trinidad, and shortly in Mexico, the controlling interest in oil. The Anglo-Persian Company also say he is getting Mesopotamia and squeezing Persia which are practically untouched areas of immense size reeking with oil. Without doubt Mr. Deterding is Napoleonic in his audacity and Cromwellian in his thoroughness. Sir Thomas Browning in his evidence says that the Royal Dutch-Shell Combination is more powerful and aggressive than ever was the great Standard Oil Trust of America. Let us therefore listen with deep attention to the words of a man who has the sole executive control of the most powerful organisation on earth for the production of a source of power which almost doubles the power of our Navy whilst our potential enemies remain normal in the strength of their fleets. _What does he advise?_