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About LinkBacksThis month the government has announced that the tax take from any future oil or gas developments in Irish waters has been increased from 25% to 40%. This is good news but why now? Do they know something we dont?
This month the government has announced that the tax take from any future oil or gas developments in Irish waters has been increased from 25% to 40%. This is good news but why now? Do they know something we dont?
Kylie never answers my calls
They do, there's billions of barrels of the Connacht coast. They'll be exploited over the next decade and add significantly to tax revenues and GDP growth. Watch out Norway, we're coming to overtake you!
Private profit for public gain!
That the big bet anyhow!Originally Posted by Ard-Taoiseach
Its only a chat, we ain't the world council.
In 2000 the Women's Institute in Britain gave Tony Blair the slow hand clap to demonstrate their contempt.
[COLOR="Red"]It was dignified, restrained and effective.[/COLOR]Doesn't Bertie deserve the same scorn. No shouting, no abuse, no agression just a relentless slow clap whenever he speaks in public would be enough to end that man's presidential fantasy.
-3.75,-3.23
Look here! Breakfast Roll Man will sink drills now and have an oil-stained, not cement-dusted gingham shirt from now on!That the big bet anyhow!
http://www.energy-business-review.com/a ... 9184E5659B
Private profit for public gain!
This better not come to pass, as all the doomsayers will curl up like pan-fried Gollums wailing "No.....no....no.."
No we'll just get them really, really expensive psychotherapy from the tens of billions of dosh created by the oil/gas boom.
Private profit for public gain!
Thanks to Dr. Jerry Cowley elected on the back of the Rossport 5 in Mayo who moved a private members motion to do this. Did Labour Sinn Fein GP or anyone else do this? No - it took an independent.
The percentages are still not enough.
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I think what we need to do is set up a State Petroleum and Natural Gas Licensing Company. This company would then sell the rights to explore the oil and gas reserves in return for a significant chunk of the profits generated. We could also introduce a stipulation of having at least 20% of workers coming from Ireland and having to have a HQ for their Irish operations here.
Private profit for public gain!
Anything better than the terms we got lately. Are all the licences issued now?
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I don't know, though the location of the reserves interests me. They're all off the Western Seaboard, a far poorer stretch than the Eastern Seaboard. Another fantastic upshot to this oil and gas bonanza is a belated restoration of income parity levels across the country. The whole island would finally stop tilting dangerously Dublin's way.
Private profit for public gain!
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