Great Gas Giveaway (full text)

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
prices”.

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.
http://rapidshare.com/files/239679956/GreatGasGiveaway.pdf.html