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View Full Version : Shell Corrib Gas Field whats in it for us?


rubbish mouth breath
25-06-2009, 02:44 PM
just listening to RTE News at one, some fella was on saying the government should tax Shell 50% etc and could gain upto 50 billion if they did. What feckin money are we making if theyre not doing this?:confused:
The Norweigans/African countries made sick amount of money from Shell, arent we doing the same??

jd26
25-06-2009, 02:50 PM
Nah

Bertie Ahern and Ray Burke gave away all our oil and gas fields in the early 90s. It was supposed to be to encourage exploration. Of course it was nothing to do with the fact a certain oil company owner could offer support to their party through his newspaper.

I do have a bit of a problem with the whole Shell to Sea campaign though. They've jumped on a legitimate local concern (the fact that a pipe failure would blow the whole village of Rossport across the Atlantic) and turned it into a whole anti-capitalist issue. I think in doing so, they've damaged support for the people of Erris - support which they should have been given.

rubbish mouth breath
25-06-2009, 03:01 PM
[QUOTE=jd26;2744126]Nah

Bertie Ahern and Ray Burke gave away all our oil and gas fields in the early 90s. It was supposed to be to encourage exploration. Of course it was nothing to do with the fact a certain oil company owner could offer support to their party through his newspaper.
QUOTE]
jesus wept:rolleyes:

jojo1804
26-06-2009, 01:03 PM
http://www.examiner.ie/ireland/standoff-over-corrib-pipeline-grows-94994.html

Standoff over Corrib pipeline grows

By Scott Millar

Friday, June 26, 2009

MORE than 100 gardaí, backed by a similar number of private security personnel, were last night involved in a standoff with protesters opposed to Shell’s attempt to lay a pipeline connecting north Mayo to the Corrib gas field.

Two naval ships, several garda vessels and a helicopter were also in the area.

The escalation of the long running dispute followed the arrival of a pipe-laying vessel in Broadhaven Bay.

Over the coming days it is intended that the Solitaire vessel will lay over 80km of steel pipe connecting the gas field to a valve on Glengad beach. Yesterday afternoon a fisherman was arrested as he attempted to lay nets in Broadhaven Bay, and at least one other fisherman was detained and had his boat impounded. This brings to 23 the number of people arrested this month while opposing the project.

John Monaghan, a spokesman for the local group Pobal Chill Chomáin, which is opposed to the pipeline, said: "The law is not being upheld. The local fisherman was arrested as he simply went about his business fishing but he was detained for ‘loitering’. Where are people’s rights?

"The gardaí have serious questions to answer about their behaviour in this and the wider policing of this, they are failing to protect ordinary local’s rights, this is very serious."

A number of protesters have come into the area ahead of what looks likely to be a key week for those opposed to the Corrib project.

Shell have highlighted the economic benefit to the region of the development but have failed to win over a significant proportion of the local population to the project amid safety concerns.

The confrontation came as former UN assistant secretary general Dennis Halliday called on the Government to renegotiate its deal with Shell over the exploitation of the Corrib gas field, which allows the company to right off all costs prior to paying corporation tax on the profits of the enterprise.

"I think the Irish people are not getting the whole story. These people that object are not troublemakers, are not terrorists."

He stated that deals with resources companies can be renegotiated "and if it is done properly there could a revenue of €50 billion."

hungry
26-06-2009, 07:34 PM
All this could not be happening, sure the Greens would never stand for it, they surely would not support shell over their own people would they? Mr Gormley and Mr Boyle have the upmost principals. These two fine gentlemen will resist everything shell fires at them.

POLLMEISTER
28-06-2009, 04:51 AM
boring at this stage:rolleyes:..clo se the book:sleeping::sleep ing::sleeping::sleep ing:

MickRegan
06-12-2009, 11:39 PM
Hi Guys,

This might be an area that worth looking at again. Ireland doesn't appear to be getting a fair deal for its natural resources, but unfortunately that message gets lost as the media tend to focus on the activist side of things.

The country is having to make cuts and we're in for a few stiff budgets over the coming years, so it would seem appropriate for the government to have another look at this.

If nothing else it would be good to get some transparent discussion going just to see where we really stand, and whether there are options.

Blog post here: http://diaspora.ie/starship/2009/12/budget-2010/

Hope you don't mind me putting up the link, but it gives the background and a picture of things as they are now.

Cheers,

Mick.

Corcaigh32
27-12-2009, 10:05 PM
To answer the question posed in the thread - the infrastructure to exploit our own North Sea equivalent in the future.

irishmonkey
28-12-2009, 08:10 AM
to answer the question.
GAS!!!!
for when the Russians turn it off.

Corcaigh32
29-12-2009, 01:40 AM
And oil........

The Magnificent Specimen
30-12-2009, 05:38 AM
boring at this stage:rolleyes:..clo se the book:sleeping::sleep ing::sleeping::sleep ing:

You're the most boring cunt on this forum.

KolaKubes
30-12-2009, 01:23 PM
And oil........

Heard those rumours too have you?

Corcaigh32
30-12-2009, 11:17 PM
More than rumours Kola......

rebelicecreamman
30-12-2009, 11:56 PM
What rumours. seriously. I haven't heard anything.

Corcaigh32
31-12-2009, 12:04 AM
There are commercial gas and oil deposits waiting to be pulled out of the ground off the continental shelf, in essence we have our own North Sea. Problem is the depth of the water and the price to bring it ashore and the lack of an infrastructure. That's why Shell are getting such a good deal to bring the Corrib in. By not processing it offshore like would normally be done as it would make it commercially unviable they are creating a processing plant inland in Bellnaboy and the infrastructure which can be exploited for future gas fields.

rebelicecreamman
31-12-2009, 12:08 AM
Thanks.

Mossybanks
27-01-2010, 11:17 AM
Fossil fuels emit carbon. We have a massive resource of wind and wave energy off the coast which we should harness right now as well.

Murdock
27-01-2010, 06:23 PM
I just looked at what Norway charge the likes of Shell for their oil/gas. They have a corporate tax rate of 28% along with a 50% tax on oil and gas profits.
FOR.
FUCK'S.
SAKE.

Corcaigh32
27-01-2010, 10:59 PM
Now they do - they didn't at the start though.

Some user
29-01-2010, 02:29 PM
There are commercial gas and oil deposits waiting to be pulled out of the ground off the continental shelf, in essence we have our own North Sea. Problem is the depth of the water and the price to bring it ashore and the lack of an infrastructure. That's why Shell are getting such a good deal to bring the Corrib in. By not processing it offshore like would normally be done as it would make it commercially unviable they are creating a processing plant inland in Bellnaboy and the infrastructure which can be exploited for future gas fields.

I like your positivity.

nico
29-01-2010, 04:04 PM
I just looked at what Norway charge the likes of Shell for their oil/gas. They have a corporate tax rate of 28% along with a 50% tax on oil and gas profits.
FOR.
FUCK'S.
SAKE.

What we could/should do is tax the bejesus out of them once they start production a la Chavez.

midletonman
29-01-2010, 05:08 PM
We have a massive resource of wind and wave energy off the coast which we should harness right now as well.

this has to happen. we would probably be making enough to sell it.

rebelicecreamman
29-01-2010, 05:15 PM
this has to happen. we would probably be making enough to sell it.

I heard Pat Kenny say the other day that he had an update on the Spirit of Ireland project, but I missed the rest of the program. Anyone any news on that?

I like the ambition being shown by these guys. F..k the begrudgers, (and the rare-snail lovers). This project has huge potential and could see us become net exporters of electricity.

midletonman
29-01-2010, 05:32 PM
I heard Pat Kenny say the other day that he had an update on the Spirit of Ireland project, but I missed the rest of the program. Anyone any news on that?

I like the ambition being shown by these guys. F..k the begrudgers, (and the rare-snail lovers). This project has huge potential and could see us become net exporters of electricity.

did zoology and a masters in environmental consultancy here so unfortunately know a lot of rare snail lovers. also know a lot of logical thinkers aswell who are well able to see when the right decision should be made. all these things can be done right and certain calls made and now is the time for ireland to get on the wind and wave power show, next few years could be huge i reckon (and hope)

Wrong Number
30-01-2010, 02:18 AM
What we could/should do is tax the bejesus out of them once they start production a la Chavez.

I think Chavez nationalised them. Was a bold move and he's been living with the fall out since (and getting a bit meglomanical at the same time!). Our government couldn't nationalise a bank, never mind a global oil company. Tax the fuck out of them would be a good way to go. But that's all probably been signed off on years ago.

Funky Munky
30-01-2010, 04:04 AM
I think Chavez nationalised them. Was a bold move and he's been living with the fall out since (and getting a bit meglomanical at the same time!). Our government couldn't nationalise a bank, never mind a global oil company. Tax the fuck out of them would be a good way to go. But that's all probably been signed off on years ago.



Anything can be changed by the government at a stroke of a pen.. social welfare cuts and civil service pay cuts come to mind straight away.. Im just hoping that whoever is in government when the pipeline is finished and has started to process and produce the oil/gas will have the balls to tax Shell like the Norwegians have done.. I'm thinking along the lines of 45% to 50%... If theres as much gas/oil there as some estimates have made out then 45% would be nothing to Shell...

captainshamrock
30-01-2010, 02:26 PM
Typical attitude in this country.
Let someone let someone take all the risk and if it fails then ha, ha, who do think you are, you sucker but if it works out then fuck them I want my share.

MickRegan
01-02-2010, 02:04 AM
The smart (and fair) thing to do would be to have a scaled incremental agreement, eg:

If Shell recover x amount, the tax on that yield is x
If shell recover y amount, the tax on that yield is y
etc

It could for example start at 30%, move to 40%, then 50% as output rises.

Shared risk, shared returns.

Wrong Number
06-02-2010, 03:28 AM
The smart (and fair) thing to do would be to have a scaled incremental agreement, eg:

If Shell recover x amount, the tax on that yield is x
If shell recover y amount, the tax on that yield is y
etc

It could for example start at 30%, move to 40%, then 50% as output rises.

Shared risk, shared returns.

That sounds like a fair way to do it Mick. But I suspect the equation is: If Shell recover X amount, that's exploratory fees i.e. finders keepers.

If Shell recover Y amount, well that's tax dectuctable against our investment.

If Shell recover Z amount, we'll give you back a percentage on your investment (a cut on 3-4%)

If Shell recover A product: Ireland will have some relatively cheap natural fuel, paying over the odds for it mind, but grateful that we didn't have to go through the lenghts, hassle and expense of doing it for ourselves.

The Magnificent Specimen
10-02-2010, 06:11 AM
Pity RIRA haven't the balls to take out some Shell execs instead of capping two-bit dealers in Cork.

drumknot
13-02-2010, 11:44 PM
"Shell Corrib gas field, whats in it for us ?"

7 Months, if you happen to be a fisherman with rights on the route that shell want to put their pipeline along.

http://www.irishtimes.com/newspaper/ireland/2010/0211/1224264201557.html


If anyone wants to read a factual, evidence based report on the early years of this project, I urge you to read this

http://www.publicinquiry.ie/reports.php

Remember

"In 2002, the Irish government introduced statutory instruments into legislation which allow the Minister for Communications, Marine and Natural Resources to make Compulsory Acquisition Orders for the benefit of private companies which permit them to acquire land without the permission of property owners. Five men from County Mayo spent 94 days in jail during 2005 when they refused to permit Shell E&P to exercise these orders."

daveyk
13-02-2010, 11:49 PM
bertie gave it all away lads - do ye not read the newspapers ? this is sh*thole eire remember. norway have honest politicians we do not

Corcaigh32
14-02-2010, 12:34 AM
Let's have another Rossport debate........nah let's just boil it down.

If Government doesn't make the deal - the same deal Norway did - Shell don't pull the gas out of the ground. Why? The gas is at a depth in the Porcupine Basin where to process it offshore makes it economically and commercially unviable and we, the Irish Nation, NEED THIS gas and the other gas that IS out there and the OIL that IS out there as well. SO, like Norway, we made an initial deal with Shell, not a permanent deal, an INITIAL deal on production from the wells in this BLOCK ONLY and what do we get in return? An entire infrastructure to bring the gas ashore, process it and connect it to the national gas grid and to the interconnector to the British gas grid.

Did Norway do this? Yes. When they did this - what did they do next? Once they had the infrastructure in place they then made the usual agreements on all future developments and discoveries made by companies in other wells in other blocks i.e. NOT "giving it all away for free". That is the plan of the Irish government as well.

So in essence what you have is a bunch of farmers and residents in Mayo who are pissed off that they have not been bought out or that the pipeline is running within half a mile of their homes i.e. Not In My Back Yard- ism.

Safety - the pressure in the pipeline is the same as the pressure in the Kinsale head gas pipeline which has existed since 1973 and has never had a problem. One difference - the Corrib pipeline is overland in parts. The pipeline cannot explode without being tampered with. This is where the fun part happens. Take a JCB to it, you might cause an explosion, or leave some C4 or semtex there and you might cause an explosion, but other than that, there is no way for an explosion to occur.

So in other words, the Irish Nation wins with Corrib. Yes Shell wins on this development on the face of it from a financial point of view but then there are reasons for that. Incidentally, Norway, the country that have done it this way already, went off and created Statoil from the ensuing proceeds which is now one of the world's biggest oil and gas companies. Stop holding our nation back and for once give ourselves a helping hand by backing the Corrib project.

rebelicecreamman
15-02-2010, 06:29 AM
Let's have another Rossport debate........nah let's just boil it down.

If Government doesn't make the deal - the same deal Norway did - Shell don't pull the gas out of the ground. Why? The gas is at a depth in the Porcupine Basin where to process it offshore makes it economically and commercially unviable and we, the Irish Nation, NEED THIS gas and the other gas that IS out there and the OIL that IS out there as well. SO, like Norway, we made an initial deal with Shell, not a permanent deal, an INITIAL deal on production from the wells in this BLOCK ONLY and what do we get in return? An entire infrastructure to bring the gas ashore, process it and connect it to the national gas grid and to the interconnector to the British gas grid.

Did Norway do this? Yes. When they did this - what did they do next? Once they had the infrastructure in place they then made the usual agreements on all future developments and discoveries made by companies in other wells in other blocks i.e. NOT "giving it all away for free". That is the plan of the Irish government as well.

So in essence what you have is a bunch of farmers and residents in Mayo who are pissed off that they have not been bought out or that the pipeline is running within half a mile of their homes i.e. Not In My Back Yard- ism.

Safety - the pressure in the pipeline is the same as the pressure in the Kinsale head gas pipeline which has existed since 1973 and has never had a problem. One difference - the Corrib pipeline is overland in parts. The pipeline cannot explode without being tampered with. This is where the fun part happens. Take a JCB to it, you might cause an explosion, or leave some C4 or semtex there and you might cause an explosion, but other than that, there is no way for an explosion to occur.

So in other words, the Irish Nation wins with Corrib. Yes Shell wins on this development on the face of it from a financial point of view but then there are reasons for that. Incidentally, Norway, the country that have done it this way already, went off and created Statoil from the ensuing proceeds which is now one of the world's biggest oil and gas companies. Stop holding our nation back and for once give ourselves a helping hand by backing the Corrib project.

What he said.

drumknot
17-02-2010, 01:03 AM
Interesting piece in todays Irish Times

http://www.irishtimes.com/newspaper/opinion/2010/0216/1224264551755.html

Proposes a middle ground and a way to take the whole project forward. Might be a starting point for a discussion.

Corcaigh32
17-02-2010, 01:19 AM
O'Toole wrote it - it isn't worth the paper it was written on.

Professor Piehead
17-02-2010, 01:24 AM
Interesting piece in todays Irish Times

http://www.irishtimes.com/newspaper/opinion/2010/0216/1224264551755.html

Proposes a middle ground and a way to take the whole project forward. Might be a starting point for a discussion.

Tesco oil.

They'd show Shell how to do it properly, and become Ireland's number one oil company.

Corcaigh32
17-02-2010, 01:29 AM
Well, every little helps.....

Professor Piehead
17-02-2010, 01:35 AM
Well, every little helps.....

They'd soften Topaz's cough, that's for sure.

Corcaigh32
17-02-2010, 01:37 AM
Ah you mean as a petrol station outfit? I'd agree.

The Magnificent Specimen
30-03-2010, 08:51 AM
Very interesting and disturbing article..........

http://www.indymedia.ie/article/92865

Corcaigh32
30-03-2010, 12:56 PM
The first line exposes the lack of objective analytical journalism - yes I know it's Indymedia. "In a crucial period in Shell's imposition of an experimental pipeline...."

Shell are not imposing anything - they are building what they need to bring the gas ashore as part of a gas development that they have contracted with the government for. Everything after that in the article is essentially Shell Bad - Locals (poor downtrodden salt of the earth ignored by the government).

It's interesting to the extent that it highlights alot of the misconceptions about what is going on up there. It's disturbing because people will take it at face value.

The Magnificent Specimen
30-03-2010, 07:23 PM
So you disagree with everything said in the article?Shell are right and everyone else is wrong?
Look at the track record of this company,not to mention it's 'sisters'.Do you deny their previous transgressions in places like Nigeria?Why did they recently make an out of court settlement in NY ?

Here's why.................

New York– After legal battles lasting nearly fourteen years, oil giant Royal Dutch Shell has been forced to pay a $15.5 million out-of-court settlement. Plaintiffs from the Ogoni region of the Niger Delta have successfully held Shell accountable for complicity in human rights atrocities committed against the Ogoni people in the 1990s, including the execution of writer and activist Ken Saro-Wiwa. The legal action is one of the few cases brought under the U.S. Alien Tort Statute that have been resolved in favor of the plaintiffs. The settlement includes establishment of a $5 million trust to benefit local communities in Ogoni.

Only the guilty settle out of court.They bought their way out of it for peanuts.This is the world's second largest corporation here.It does not care about,people or the environment.If you think they give a fuck about you or anyone else in Ireland you are being extremely naive.Do you honestly think there will be no repercussions?Just look at what much smaller companies like Mitsui Denman got away with.Who cleaned up their shit?Look at the state of the Niger delta.It wasn't like that before Shell.

Corcaigh32
30-03-2010, 07:57 PM
TMS - my point is this. Nigeria is not Erris. The world and its mother knows that oil magnates, metal ore magnates and others have been at some rather nefarious activities in Africa and elsewhere including perpetuating civil unrest (war) in certain African states while they go ahead and do what they do. I am not naive.

Nor do I believe Shell are doing this for any reason other than profit and yes I know they don't care about me or you.

However I happen to know alot about the development offshore and why it is the pipeline is coming ashore and into the processing station rather than what happened in the 70's with Marathon and Inch station. This is not about Shell riding rough-shod over Irish planning, Irish natural resources or the Irish people. To view it as such is myopic (sp). What the government have agreed to with Shell is exactly the same as what Norway did before they had so much natural resources they created Statoil.

There is a prospect here to be energy independent. There is a prospect for us to be an energy supplier to the rest of Europe. Not with this one development, but with all the other developments that this infrastructure will allow us to exploit. That's just gas - there is serious amounts of oil out there too.

Now accepting that you could on principle say, if Shell are bad guys anywhere else in the world, then we shouldn't do business with them - I doubt you would find another oil magnate with the will and the finance to pull off this operation. This operation is not straight forward because of the depth of water out there which makes processing the gas offshore technically and economically unviable. Where would we be then? Sitting pretty depending on imported gas eventually and oil as we do now into the future with no insulation from the global market prices for oil or gas.

I agree the PR of this whole operation was handled disastrously. I agree that the people of Erris and Bellnaboy believe they are potentially in danger. But they are not unless they decide to set explosives off around the pipeline or take a JCB to it.

My response to that article was based on the fact that it says Shell are bad boys elsewhere in the world and they very well may be - but what should Ireland do?

The Magnificent Specimen
30-03-2010, 09:52 PM
Thanks for elaborating a bit.Your initial post seemed a bit dismissive compared to most of your posting.It took me aback.I understand the complexities of exploiting oil and gas fields and realise that we must get in bed with an established player in the business.What concerns me is how much of the bed they will occupy and are they bed wetters?

I believe we should have at least explored the possibility of merging our resource with an established nationalised set up such as PDVSA.I am aware this would not be risk proof as it would hinge, to quite some degree. on political stability in Venezuela or wherever.But I would trust Mr Chavez a lot sooner than the board of RDS or any of their principle shareholders.

Nationalisation while maybe not as profit laden and efficient as a private venture answers to the people rather than a consortium of shareholders who can at the drop of a hat take their money else where.It's a cut throat world that breeds occupational sociopathy.It seems with companies like the seven sisters,the only voice the people have is that of some crusties through a megaphone.And that is misrepresentation.

Corcaigh32
30-03-2010, 10:03 PM
Apologies for coming across as dismissive. I take your point about PDVSA. What signal would it send to the rest of Europe or indeed the world if we hopped into bed with Chavez though? This is one of those times where we need be thinking Ireland Inc into the future. Fair enough the Corrib development won't bear much financially to the state but what comes after it definitely will and that potential is worth getting into bed with Shell - in my opinion.

Professor Piehead
31-03-2010, 01:38 AM
I live with a gowl who went 'protesting' last weekend. A hypocrite of the highest order, just like all the rest of the unwashed deadbeats.

.

The Magnificent Specimen
31-03-2010, 02:01 AM
I live with a gowl who went 'protesting' last weekend. A hypocrite of the highest order, just like all the rest of the unwashed deadbeats.

.

Yeah, when I see some honkydreaded,Levelle rs listening,tofu twat out protesting,the first thing that springs to mind is that the person is a freeloading loudmouth who has nothing better to do.

These fools do more to taint peoples opinion of the cause.They failed to stop Glen of the Downs.In fact they fail at pretty much every protest they've ever had.They should clean up and wear a suit for their protests then change back into their organic tramp rags when they get home.Gardai are less likely to bludgeon people in suits with tidy hair etc.
But give them a crustie,especially one with an English accent and watch the nostrils flare,the pupils dilate,the stalactite of drool spurt from the corner of the mouth and the hand grip the truncheon.
I wouldn't be surprised if RDS fund the unwitting ecocrusties and hire security to run through a pantomime role play so we can all get distracted.
There are plenty of hard working respectable folk protesting too.They just can't be there as constantly as dole scavenging eco warriors.

rubbish mouth breath
19-11-2010, 04:09 PM
can the government not tell shell etc clear off and take back ownership of the gas etc?
why arent they doing this?

Plebian
19-11-2010, 09:37 PM
can the government not tell shell etc clear off and take back ownership of the gas etc?
why arent they doing this?

Yes. yes they can. But the won't.

The reason they won't is because they represent the likes of Sir Tony O'Reilly and co and not the rest of us. Remember Cowen and Ahern had a personal visit to O'Reilly before the last election. O'Reilly owns the oil company providence resources and their chips are coming in off the south west coast over the next year. Again, the country will get far less than even in Nigeria and Russia.

see the Someday Independent below for more on this

GAS VALUED AT €420 BILLION OFF THE WEST COAST OF IRELAND, WHILE FIANNA FÁIL SPEEDS US TOWARDS THE IMF

http://dublinopinion.com/2010/10/30/e420-billion-of-gas-off-the-west-coast-of-ireland-while-fianna-fail-speeds-us-towards-the-imf/


http://dublinopinion.com/wp-content/uploads/2010/10/corrib.jpg

Just a quick post to highlight the Shell to Sea factsheet, that there is €420 billion worth of natural gas of the coast of Ireland - all of which has been given for free to Royal Dutch Shell, Statoil, Exxon Mobil.

Ministers Ray Burke and Bertie Ahern changed Irish law in 1987 & 1992 so that multinational oil companies:
• own 100% of the oil and gas they find under Irish waters;
• pay no royalties on it;
• can write off 100% of their costs against tax, even costs incurred in other countries;
• have profits taxed at 25%, compared to an international average of 68% for oil-producing countries;
• can export the oil or gas outside Ireland;
• can sell to Bord Gais at full market rates.
Green Party minister Eamon Ryan has continued to issue licences to multinationals on these terms.

Now, call me old-fashioned, but I would have thought that the current situation would constitute a game-changer as regards that deal.

Anyway, have a read of the Shell to Sea leaflet, and have a think about it the next time someone tells you that the IMF is our only option.

This is just a short extract, the entire piece is linked below.......

Bin Hex 12
19-11-2010, 10:38 PM
O'Reilly owns the oil company providence resources and they're chips are coming in off the south west coast over the next year.

Yea! Chips on the way!

Plebian
19-11-2010, 11:08 PM
Yea! Chips on the way!

Not , fast from the hot lennox's fat chips. -- Oily chips.

http://www.offshore-mag.com/index/article-display/4448588636/articles/offshore/geology-geophysics/north-sea-northwest-europe/2010/11/studies-reveal_spanish.html

http://www.independent.ie/business/irish/providence-says-oil-field-as-big-as-corrib-2423784.html
"he said.

"That will be good for Ireland, good for the people of Ireland. They are no losers," he added."

the "he" in the quote above is O'Reilly, btw, quoted in his Indo.

So that's fine then, no need to tax to the level of even Nigeria or Russia.
Or create an Irish Stat[e]oil. No loosers, all winners....

Bin Hex 12
20-11-2010, 12:17 AM
Not , fast from the hot lennox's fat chips. -- Oily chips.

http://www.offshore-mag.com/index/article-display/4448588636/articles/offshore/geology-geophysics/north-sea-northwest-europe/2010/11/studies-reveal_spanish.html

http://www.independent.ie/business/irish/providence-says-oil-field-as-big-as-corrib-2423784.html
"he said.

"That will be good for Ireland, good for the people of Ireland. They are no losers," he added."

the "he" in the quote above is O'Reilly, btw, quoted in his Indo.

So that's fine then, no need to tax to the level of even Nigeria or Russia.
Or create an Irish Stat[e]oil. No loosers, all winners....

But where are the chips you promised us?

Corcaigh32
20-11-2010, 12:37 AM
Statoil was created from the abundance of natural resources exploited through the exact same strategy the government have adopted with Shell. The myopia is blinding.

Plebian
20-11-2010, 12:45 AM
Statoil was created from the abundance of natural resources exploited through the exact same strategy the government have adopted with Shell. The myopia is blinding.

That is historically incorrect. Norway did not sellout its resources in the same manner we have.

Bin Hex 12
20-11-2010, 12:55 AM
That is historically incorrect. Norway did not sellout its resources in the same manner we have.

But did the Norwegians get free chips?

Plebian
20-11-2010, 01:07 AM
But did the Norwegians get free chips?
No happy with the oil practically paying for their healthcare and pension system?

Corcaigh32
20-11-2010, 02:21 AM
That is historically incorrect. Norway did not sellout its resources in the same manner we have.

Norway did exactly what we are doing - they didn't sell out and neither are we.

slick fingers
14-02-2011, 08:57 PM
Shocking stuff..

NWo9J5DiG58

gingin
17-10-2011, 02:07 PM
and they're at it again. tobyscoby was right, same circus....

http://www.irishtimes.com/newspaper/breaking/2011/1017/breaking17.html

Corcaigh32
17-10-2011, 03:00 PM
No they're not "at it" again. Read the terms of the leases.

Stacky
17-10-2011, 04:17 PM
Looking out at the weather I would say best of luck to them if they can find each other out there never mind billions of cubic metres of gas and millions of gallons of oil.