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Great Gas Giveaway (full text)

category national | miscellaneous | other press author Tuesday June 02, 2009 09:27author by supporter - Afriauthor email afri at iol dot ie Report this post to the editors

How the Elites have Squandered with our Health and Wealth

How the Elites have Squandered with our Health and Wealth
Dr. Andy Storey and Michael McCaughan

“We gave the Corrib gas away and now Éamon Ryan is intent on giving away the
remaining choice areas of our offshore acreage at less than bargain basement

An international study in 2002 found that only Cameroon took a lower share of
the revenues from its own oil or gas resources than Ireland – the vast
majority of countries demand that multinational oil and gas companies pay the
state proportionately twice the amount that the Irish government is extracting
from the Shell-led consortium that is exploiting the Corrib gas field. Ghana,
for example, insists that the state-owned Ghanaian National Petroleum
Corporation has a 10 per cent ownership stake in any resource find and the
multinationals are also liable to a 50 per cent profits tax.

Full text at pdf.

Related Link: http://www.afri.ie
author by pippinpublication date Wed Aug 19, 2009 18:51author address author phone Report this post to the editors

The Great Gas Giveaway can be found here:


author by supporterpublication date Wed Jun 03, 2009 15:28author address author phone Report this post to the editors

Try this for PDF download


author by George Rowpublication date Wed Jun 03, 2009 13:47author email gh_row at yahoo dot co dot ukauthor address author phone Report this post to the editors

The article said:
"Full text at pdf.
http://rapidshare.com/files/239679956/GreatGasGiveaway.....html "

but the Rapidshare system say that they have exhausted the number (10) of downloads that they allow on a free account.

Would someone be able to serve that PDF from elsewhere?

author by Tim Houriganpublication date Tue Jun 02, 2009 18:55author address author phone Report this post to the editors

The Irish government claims that the favourable terms are worth it to ensure
Ireland’s energy security

This is a common theme spouted by government mouthpieces, and spin doctors, and parrotted by hack sand lazy minded fools.

The argument being that the government cannot be in the business of using taxpayers' money to go drilling holes all over the place looking for gas and oil.

And we don't have to look abroad to see how it is done properly.
We have a prime example of how it should have been done off the coast of Clare... albeit, by the wrong cast of characters.

Providence Resources, (40% owned by 'sir' Tony O'Reilly) didn't spend it's own money drilling holes in the Porcupine Basin. They struck a deal with an exploration company called Chrysaor, which saw Chrysaor get a minority stake in any field that they found, in return for Chrsaor doing all the expensive drilling.

There was NO reason why the Irish state could not have come up with a similar plan (we're supposed to be paying these TD's 100k p.a. for their leadership and expertise right?)

One hears very little of this deal in the Indo, Evening Herald or Belfast Telegraph, (all part of the O'Reilly media empire) ... the same newspapers who publish claims of IRA infiltration of the Shell to Sea campaign, but can't back it up with photographs or names of these phantom IRA agitators, despite the huge garda presence and the ease of photographing people coming and going in an isolated part of Mayo.

I wonder how much 'evidence' we will here from Paul Williams on TV3 tonight, or if he will mention what deal went down for the Porcupine Basin.

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