Originally I was going to add this to a a thread in the Piston Broke but on reflection I think this is important enough to warrent a thread in a serious forum. Obviously I defer to the mods.
Anyhoo I have a question regarding all the gas and oil in Irish waters. I was handed a leaflet on the street in front of the GPO in Dublin a few weeks ago by campaigners for shell to sea. On one side it explains what they call “the great gas giveaway” where they explain that there is a heck of a lot of oil and gas in the Irish oil field. Billions of euros worth. Billions that clearly would come in pretty handy at the moment. And yet the government has done nothing but sign over these rights for very small sums of money. Now clearly shell-to-sea have their own agenda and while I agree with their point of view I have to wonder if what they’re telling me is the unvarnished truth.
The leaflet says that according to the Petroleum Affairs Division, Dept of Communications Energy and Natural Resouces (2008) the government estimates that there is €540 billion worth of gas and oil under Irish Waters off the west coast.
Can this be true? If it is true then who on earth is the government doing so little about it. Why on earth aren’t we seeking to exploit that natural money as much as we possibly can? If we don’t have the expertise and equipment then why can’t we simply buy it on credit backed by all that oil? This seems a total no-brainer to me.
One other question. I know we signed over the rights to one field for a song a few years back but can’t remember any details. The figure in my head is €30K or so and I can’t remember what wastral politician made such a crummy deal on our behalf. A deal so bad that it screams of corruption. Was that just a single field or the whole lot of whatever might be down there?