"OilMan" tries to explain us that it is highly too risky for the Irish state and it would be 'cheaper' for us to let some privates like Shell take up the 'risks' of oil exploration.
Beside the fact that national oil companies control 88% of proven oil reserves on our planet, you don't need maths - just wee logics - to see where "OilMan" is coming from and whose interests he is advocating. Definitely not the interests of the Irish people.
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
Nice collection of crime stories, Ecoguy.Originally Posted by Ecoguy
Do you expect an oncoming fuel crisis after - or on top of - the banking crisis?
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
Please post a reference to that Bord Gais statement.
The name I use here might give a clue as to where my expertise and experience lie and why I sometimes feel obliged to point out the true facts about a petroleum related issue. With the nonsense that is frequently spouted here and elsewhere about Corrib, it should be no surprise that I occasionally contribute on this topic.
I have not claimed that there will be any effect on the price of gas to the Irish consumer, only that there could be an effect on the wholesale price and, since Shell will have no influence on the consumer price of gas, why do you think they would comment on it?
And why is it that national oil companies control a large part of oil reserves? Because (as I have already explained) they can only exist in those countries where there is already large volumes of proven reserves!
Why don't you answer the Cailleach 'Oilman'?
Who OWNS Corrib Gas?
Why would Norway benefit more from Corrib than Ireland?
Why was the decision to build the BGE pipeline from Craughwell to Bellanaboy taken BEFORE any planning applications for the proposed Corrib Project were lodged?
Why did Frank Fahey sign the Petroleum Lease which demised ownership of Corrib from the state to the oil companies in Nov. 2001 PRIOR to any grant of planning for anything?
Please bring your 'expertise and experience' to bear on this for the education of lesser beings and let's have the answers.
Don't say you werent told.
1. In a radio interview in 2006, David Bunworth, head of Bord Gáis Energy Supply, spoke about the Corrib project. When he was asked, in the light of the gas being traded at international market price-
"So will it make any difference to the price Irish people pay for gas?" He replied: 'No it won't". (Five Seven Live, RTÉ radio One Friday 21st July 2006)
2. At the "Exploring Atlantic Ireland" conference in the Burlington Hotel in Dublin on Wednesday November 8th 2006, the assistant secretary of the Department of the Marine and Natural Resources, Martin Brennan, told the international audience of potential investors in Ireland's offshore resources that "there are now three interconnecters between Ireland and the UK, so if you do hit a gush, there's plenty of market out there."
So this dangerous pipeline with its contingent of well paid gardai and private security goons protecting it, wont be of any benefit to anyone in Ireland.
1. I note he said that it will not effect the price paid by the consumer - he did not say that there wont be an effect on the price Bord Gais pays.
2. This agrees with what I have been saying - that there will only be a commercial incentive to export when there is enough production to satisfy the Irish market.
Where there is a political will, there's a way!
Enterprise Ireland would not even entertain funding a citizen for a new project, unless some of their own capital was put up. How in God's name does an other arm of the same government expect Shell or whoever to take all the risk? The fact that they have done so, really means that there is more lolly out there than you or the majority of Irish citizens are aware off. Just following your nose in this whole Corrib Gas fiasco is enough to smell the stink.When I urged the government to stop exploiting our youth with mortgages, I asked them to exploit our hydrocarbons instead. In 2002-3, I wrote and published an article on how this could be done: in collaboration with Doctors from Sheffield University, advisors to both the UK Conservative and Labour governments on oil and gas affairs. Minister Noel Dempsey in Oct 2005 during a Dail session said “Do people think the State should gamble as much as €20 million of taxpayer’s money per well at odds of over 30:1”? We could sink over 4,000 wells with what’s in NAMA and countless ‘000s more with what’s involved in worthless Securitisation deals. All we needed was 30 at the most, in accordance with the Minister’s betting instincts!
Proper Vehicle
I don't follow the point you are trying to make. If Shell or another oil company is prepared to take the risk and put up the money (and they are because that is how the business works and they have carefully calculated the risk/reward balance in each case) then what is the problem?Enterprise Ireland would not even entertain funding a citizen for a new project, unless some of their own capital was put up. How in God's name does an other arm of the same government expect Shell or whoever to take all the risk? The fact that they have done so, really means that there is more lolly out there than you or the majority of Irish citizens are aware off. Just following your nose in this whole Corrib Gas fiasco is enough to smell the stink.
Incidentally, drilling 30 prospects with 30:1 probability of success does not guarantee a success. You could drill hundreds of independent 30:1 prospects without a success.
When are you going to answer the Cailleach 'Oilman'?
(i) Who OWNS Corrib Gas?
(ii) Why would Norway benefit more from Corrib than Ireland?
(iii) Why was the decision to build the BGE pipeline from Craughwell to Bellanaboy taken BEFORE any planning applications for the proposed Corrib Project were lodged?
(iv) Why did Frank Fahey sign the Petroleum Lease which demised ownership of Corrib from the state to the oil companies in Nov. 2001 PRIOR to any grant of planning for anything?
Please bring your 'expertise and experience' to bear on this for the education of lesser beings and let's have the answers.
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