Pressure and fluid oscillations with steam injection into pool water were discussed from the view point of the conversion of thermal energy into mechanical work. When the change of fluid state moves clockwise in the p-V diagram, the oscillation sustains since the thermal energy changes into positive work. The equations defining the mechanical work at the condensation oscillations were presented. The oscillation threshold determined by the condition that mechanical work became zero, coincided with the values derived by the linear oscillation theory. The changes of pressure and specific volume during chugging were also shown with one dimensional simulation analysis. The p-V diagrams at various chugging modes were presented with the movement of steam water interface, and the conversion efficiency of thermal energy to mechanical work was also discussed.