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Thread: Why do we give our Oil and Gas to multinationals?

  1. #141
    Politics.ie Regular Gimpanzee's Avatar
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    Quote Originally Posted by bob3367 View Post
    Well someone was going to make an ejeet of themselves eventually, care to back up the Kinsale valuation, you might want to include the royalties paid to the government, the gas supplied to BGE at lower than market value, the infrastructural costs of Alpha Bravo, the predominantly Irish jobs it created, I was one, the amount spent on drilling other dryholes, the amount of money given by way of selecting Irish companies for most of the services provided....etc,etc ,etc
    given away, I tells ya, given away...

  2. #142
    Politics.ie Regular MrD011's Avatar
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    its interesting to note that during the Corrib Gas protests many people from certain areas of dublin were disgusted at the irish protestors but now that it could be coming to their own Doorstep (Dublin Bay) its an entirely different matter altogether .

    Its the same with immigration , hear no evil , speak no evil , but when they arrive in Your area or affect your job prospects, its a different ball game.
    say No to the EU , yes to Democracy , yes to the Nation State

  3. #143
    Politics.ie Regular bob3367's Avatar
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    Quote Originally Posted by MrD011 View Post
    its interesting to note that during the Corrib Gas protests many people from certain areas of dublin were disgusted at the irish protestors but now that it could be coming to their own Doorstep (Dublin Bay) its an entirely different matter altogether .

    Its the same with immigration , hear no evil , speak no evil , but when they arrive in Your area or affect your job prospects, its a different ball game.
    However, there are a lot of similarity in the protests.

    IGNORANCE.....
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  4. #144
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    its on the rte website that the policing alone cost 14.5 million on the corrib gas field- that doesnt even include the lost taxes from the project due to these idiot protestors. i would be of the opinion that they should have had their concerned listened to once at a public meeting and then the project should have gone ahead. 14.5 million on policing- when a few bullets would have a cost a few quid and solved the problem from the start. i mean would anyone miss these crusties? scum of the highest order as paul mc williams well exposed. when sf/ira are supporting your caue you kinda know something is seriously wrong...

  5. #145
    Politics.ie Regular MrD011's Avatar
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    Quote Originally Posted by wherethelady View Post
    its on the rte website that the policing alone cost 14.5 million on the corrib gas field-
    Ah yes , but sure just sell Nama property developer Joe o reillys "alton towers" mansion in foxrock and then get the rest of the 3 billion he owes the taxpayer.
    say No to the EU , yes to Democracy , yes to the Nation State

  6. #146
    Politics.ie Regular LamportsEdge's Avatar
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    The curious thing is that Shell wouldn't be involved in oil exploration off the Irish coast if they didn't think there was oil there worth the expenditure in exploration costs. Never mind running pipelines.

    Shell aren't in the business of doing countries from which they extract oil any favours. You only have to look at Nigeria to see that. Which also begs the question why did Irish politicians sign the deal they did?

    EDIT: I ask only because when we discuss 'policing costs' we are in danger of fighting over the halfpenny when there is a billion euros being removed from the national wallet right in front of our eyes.
    The voters in any democracy are never wrong. Where the voters are declared mad it is because their political class has driven them mad. They are, however, still always right.

  7. #147
    Politics.ie Regular LamportsEdge's Avatar
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    apologies- double post
    The voters in any democracy are never wrong. Where the voters are declared mad it is because their political class has driven them mad. They are, however, still always right.

  8. #148
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    Quote Originally Posted by LamportsEdge View Post
    The curious thing is that Shell wouldn't be involved in oil exploration off the Irish coast if they didn't think there was oil there worth the expenditure in exploration costs. Never mind running pipelines.

    Shell aren't in the business of doing countries from which they extract oil any favours. You only have to look at Nigeria to see that. Which also begs the question why did Irish politicians sign the deal they did?
    "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."

    - Adam Smith.

    Are you so naive as to believe the Irish government should have sought people to come to Ireland and spend billions of their own money to do us a favour?

  9. #149
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    Quote Originally Posted by LamportsEdge View Post
    The curious thing is that Shell wouldn't be involved in oil exploration off the Irish coast if they didn't think there was oil there worth the expenditure in exploration costs. Never mind running pipelines.

    Shell aren't in the business of doing countries from which they extract oil any favours. You only have to look at Nigeria to see that. Which also begs the question why did Irish politicians sign the deal they did?
    What deal did they sign?

    Shell didn't find the oil (in fact nobody has found any oil - you mean gas). They paid for a stake when an exploration company found the gas. The only exploration companies that are availing of the great giveaway/raping of our natural resources are two-bob companies that few outside the business have ever heard of.

  10. #150
    Politics.ie Regular Brenny's Avatar
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    Quote Originally Posted by Toman13 View Post
    After listening to the Frontline recently, concerning the Fracking debate, something else occurred to me(well, in all fairness, it was a main talking point: Just forgot about it). Why are we giving our oil and gas to multinationals? We talk of the Gas giving billions to the economy and stopping our reliance on imported resources, but why would either of these things happen? We tax the companies very little, and not only do they sell any finds they get back to us at market price(meaning that we may as well have imported them in the first place), there is also nothing stopping them from selling it anywhere else. I mean, what's the point of risking the environment and destroying local scenery for what's going to amount to no more that a couple dozen of jobs and only a few million euro for resources worth billions? Some say it's because the state doesn't have the resources to extract gas and/or oil. Well, if that's the case, just leave it alone in the ground. It's not going to be a magical solution to our problems, and you just end up causing a lot of worries in local areas. I know that there has being a lot of threads concerning the Fracking issue in Leitrim, but this is about the actual deal we give to companies that make quite a buck from this.
    An old argument here. There is probably oil and gas under our land and sea but so far we haven't found much to speak of, nothing to compare to Britain or Norway. If we have huge reservoirs of oil and gas out there somewhere and we're hardly taxing companies then why aren't they all over here exploiting the feck out of us and sucking all our gallons and gallons of oil up?

    Energy companies will brave hordes of Jihad loving fanatics to get their oil and gas, if our waters were so abundant then what's putting them off coming here? There has been some searches done on our waters (all of which are expensive) by various companies and they haven't come up with much. There has been ten times as many searches done in the North Sea. With companies reluctant to search here then why would increasing the tax rate improve things?

    Another option is to search ourselves, set up our own hydrocarbon exploration company. I used to like this idea but right now we can't afford to do this and in any case it's a high risk enterprise and we'd probably make a balls of it for decades before we got any good at it and until we get an idea of how rich our waters are we should leave it to private enterprise to test the waters (or rather test what's under the water), if it looks like there's a lot out there we can kick them out and take over exploration ourselves, just like Norway did.
    Odyessus likes this.

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