Labour calls for review of the current licensing regime for oil and natural gas production

by Theo Fri Aug 12, 2005 17:03

If this regime is so scandalously generous and so weighted in favour of exploration companies, where is the queue of them coming here to explore?? fact is there is little or no interest.

by Maggie Fri Aug 12, 2005 17:30

Its a well kept secret but multi-national corporations really have very litte interest in exploiting gas and oil. Sure they only do it out of a sense of civic duty.

Shell and Statoil are only making massive profits out of Mayo because they think it will win them a bit of good publicity and favourable PR..

by eeekkkkk Fri Aug 12, 2005 17:35

Big auction of exploration licences very soon if I'm not mistaken. I'll get back on this.

Theo is another flying pig-human type I believe.

by Ola Fri Aug 12, 2005 18:37

For information on the licences that the Dept of Comm., Marine and Natural Resources are preparing to issue, please go to:

http://www.dcmnr.gov.ie/Natural+Resources/Petroleum+Affairs+Division/Petroleum+Affairs+Division.htm

You will find plenty of evidence there of the potential reserves (=profits) that will entice the drooling multinational vultures to our shores...coming to a previously peaceful townland near you!

by Theo Fri Aug 12, 2005 18:51

Show me where???? there is only one or two companies interested - because Ireland is not a prolific prospect. There is about a one in 60 chance of finding something. Do you relise how much money is spent on unsuccessful operations?? millions - and that is lost - gone - for ever. No wonder it is necessary to attract companies with fiscal incentives.

by Oisín Kelly - Socialist Party (personal capacity) Fri Aug 12, 2005 19:09

Labour are nothing more than right-wing hacks. I'd write more about this, but I think my first sentence gets right to the point, wouldn't everyone agree?

by eeekkkk Fri Aug 12, 2005 19:39

"there is only one or two companies interested - because Ireland is not a prolific prospect"

evidence

a tiny bit

no?

and the flyig pig-human floats away on the breeze

by Labour watch Fri Aug 12, 2005 20:15

I note Labour are not calling for the renationalisation of the Oil and Gas reserves. Please stop pretending to be a left wing pro worker party.

by Chris Bond - Labour (pers cap) Sat Aug 13, 2005 01:12

''Labour are nothing more than right-wing hacks. I'd write more about this, but I think my first sentence gets right to the point, wouldn't everyone agree?''

Very nice Oisin im sure next you see me Dermot, Enda or Paul, you`ll call us that to our faces.

by Lets invest! Sat Aug 13, 2005 03:39

Thats what Ray Burke sold Corrib to Enterprise for

So lets all chip in and buy a plot out there in the Irish sea?
Its bound to be worth billions but we wont tell anyone - maybe we can get the government to give us a biz development grant and massive tax breaks and with some artistic accounting there'll be no stoppin us

Profits could pay for indy mobile reporting units for audio video editing and beam it up scotty sat dishes on the roof and the rest we could spend on blackmailing politicians in order to open future "business" opportunities.

its the only game in town

;-))

by Please take this very valuable stuff Sat Aug 13, 2005 03:55

"No wonder it is necessary to attract companies with fiscal incentives"

What would we do without those nice multinationals coming in and helping us out by extracting our national resources for nothing and then selling it back to us at full market price?

They really are helping us out by stealing the birthright of every Irish citizen. That oil and gas was in our way where it was under the sea bed.

----
Can anyone tell me how the Irish benefit out of attracting companies to extract valuable resources.

We know colonialisation is finished so instead of asking a foreign king to send an army to take over the whole country and rape and pillage everything in sight lets just ask big companies to come in and do it in certain areas of Ireland!

Thats the Shell in Rossport story in a nutshell

At least with privatisation some money is handed over

Is what we are seeing in Mayo beyond the neoliberal economic trend of privatisation? - are we glimpsing into the future ?

by == Sun Aug 14, 2005 19:28

Lets presume you are right for a minute. Please now tell us what benefits will accrue to the state from the selling of the licences besides PAYE returns from the people employed.