YAY - Recession over -420 billion worth of gas found off irish shores!

Oranage2

Oh wait Fianna Fail gave it all away for free to shell - How have these guys stay in goverment, surely any other party at this stage is better than these scumbags.

http://www.shelltosea.com/content/gas-valued-€420-billion-west-coast-ireland-while-fianna-fáil-speeds-us-towards-imf?ref=nf

galwayrush

Welcome to 10 years ago.:rolleyes:

Rabble Rabble

Shell to Sea are not the brightest. Only one block has been given to Shell for free. The rest can be renegotiated. The figure is a guess anyway.

Riamfada

Back to the Future is on ITV right now ... oh wait

smk89

galwayrush wrote: »

Welcome to 10 years ago.:rolleyes:

Time machine thread !!!

More for us to shell out on.....these politicians are gas.

BOHtox

Deleted User wrote: »

More for us to shell out on.....these politicians are gas.

I don't have the energy to generate these powerful puns. But I think these puns could be electric. Shell I tell you a few? no? ok

punchdrunk

Diesel only end in tears :rolleyes:

Overheal

I wasn't around 10 years ago so I can ask if this is a joke, right?

squod

Overheal wrote: »

I wasn't around 10 years ago so I can ask if this is a joke, right?

http://www.shelltosea.com/

Quote of the week, quote of the fuhken decade IMO.

"[Future historians] will wonder, for example, how an Irish Government could surrender its natural resources to private enterprise, particularly when the deal was brokered by a corrupt former minister, Ray Burke, in a private meeting with oil and gas bosses. They will wonder, too, how millions of euro could be spent on paying gardaí to provide private security for a multinational whose annual profits regularly top €15 billion. And, most of all, they will wonder how a democratic State could desert its own citizens – decent, law-abiding people who never had any truck with trouble – at their gravest hour of need."

Pookah

Overheal wrote: »

I wasn't around 10 years ago so I can ask if this is a joke, right?

No, it's true.

The joke was letting two of our nations greatest gangsters negotiate the deal.

scientific1982

More than anything I hate FF for giving away out natural resources. Short-shighted motherfcukers.

dMaN24

BOHtox wrote: »

I don't have the energy to generate these powerful puns. But I think these puns could be electric. Shell I tell you a few? no? ok

This comment is to hard topaz i might go applegreen by emo. :rolleyes:

Mr E

Overheal wrote: »

I wasn't around 10 years ago so I can ask if this is a joke, right?

Ladies and Gentlemen, our youngest moderator.
Still in primary school.

TheInquisitor

1. Only 10% is recoverable on average so this 420 billion is only actually 42 billion. It'll cost Shell many billions to build all the infrastructure. In fact it has taken them 10 years. In what other country in the world does this happen!?

2. Even with all of these advantages over other countries, low tax etc why is it that there is hardly any oil companies off our coast drilling? It's because compared to most oil producing countries we have feck all resources and its so arduous to actually do anything.

3. There is pretty much NO infrastructure in Ireland for oil and gas so giving it so some people on the cheap so they build oil pipes and terminals in a good Idea because it increases peoples interest in the area if the infrastructure is already setup.

4. Whoever comes in first deserves good returns. When there is actually some kind of infrastructure set up for oil and gas then maybe we start getting better deals.

Overheal

Mr E wrote: »

Ladies and Gentlemen, our youngest moderator.
Still in primary school.

Hey you're the one with the Ike avatar :pac:


Seriously though that is fcuked. And you guys still persisted in voting them in. Unbelievable.

squod

TheInquisitor wrote: »

When there is actually some kind of infrastructure set up for oil and gas then maybe we start getting better deals.

Were in a country blessed with substantial wind and hydro resources, see how much electricity we export? There's no guarantee the FFuchkers will negotiate better deals on our behalf.

The_Minister

Overheal wrote: »

Seriously though that is fcuked. And you guys still persisted in voting them in. Unbelievable.

I don't think anyone is going to bother going through this issue again, but the issue is much more complicated than the OP made out.

mallet head

smk89 wrote: »

Time machine thread !!!

Our time travellers club are having their AGM last wednesday at 8. Hope to see you there.

I was thinking about this earlier - you know that book/movie Time Traveler's Wife? Does he ever die - I mean properly die? Or is he to relive parts of his life forever? Is there ever a time when he would.. stop existing?

phasers

I'm 12 and what is this

SugarHigh

Deleted User wrote: »

I was thinking about this earlier - you know that book/movie Time Traveler's Wife? Does he ever die - I mean properly die? Or is he to relive parts of his life forever? Is there ever a time when he would.. stop existing?

I don't know because I'm not a muddle aged housewife who would read such a book.

4zn76tysfajdxp

SugarHigh wrote: »

I don't know because I'm not a muddle aged housewife who would read such a book.

When is muddle age?

kowloon

phasers wrote: »

I'm 12 and what is this

Come sit on my knee, young one, and let me tell you about resources and how to exploit them.

Batiste

There are still more reserves out there,and guess what our government when they have valuations done,they will be selling those too!

gizmo

TheInquisitor wrote: »

1. Only 10% is recoverable on average so this 420 billion is only actually 42 billion. It'll cost Shell many billions to build all the infrastructure. In fact it has taken them 10 years. In what other country in the world does this happen!?

2. Even with all of these advantages over other countries, low tax etc why is it that there is hardly any oil companies off our coast drilling? It's because compared to most oil producing countries we have feck all resources and its so arduous to actually do anything.

3. There is pretty much NO infrastructure in Ireland for oil and gas so giving it so some people on the cheap so they build oil pipes and terminals in a good Idea because it increases peoples interest in the area if the infrastructure is already setup.

4. Whoever comes in first deserves good returns. When there is actually some kind of infrastructure set up for oil and gas then maybe we start getting better deals.

GTFO with your logic. :mad:

Scuid Mhór

and there i was getting my hopes up.

Irishmarinelife

TheInquisitor wrote: »

1. Only 10% is recoverable on average so this 420 billion is only actually 42 billion. It'll cost Shell many billions to build all the infrastructure. In fact it has taken them 10 years. In what other country in the world does this happen!?

It doesnt cost billions to build the infrastructure, just a few million. Although theyll price it as high as they like to write off the tiny 25% (international average 68%) tax rate we imposed on our own gas. And ten years? Theyll happily wait another ten. There is a good supply of gas from the North Sea right now, so it makes no sense to start selling it right now. Its only going to get more expensive. Arab oil countires have capped their gas reserves for the future.

TheInquisitor wrote: »

4. Whoever comes in first deserves good returns. When there is actually some kind of infrastructure set up for oil and gas then maybe we start getting better deals.

No, they don't deserve anything. We deserve our own gas.

Who cares anyway. Our sovereignty is about to be transferred over to the Reich in a few weeks so they'll do what they please with our property and resources.

Absurdum

I have a plan, hire about 450,000 people, give them snorkels,a calor gas bottle and a crash-course in diving, but a few drills in Lidl and Bob is your goddamn uncle, we're loaded again.

TheInquisitor

Irishmarinelife wrote: »

It doesnt cost billions to build the infrastructure, just a few million. Although theyll price it as high as they like to write off the tiny 25% (international average 68%) tax rate we imposed on our own gas. And ten years? Theyll happily wait another ten. There is a good supply of gas from the North Sea right now, so it makes no sense to start selling it right now. Its only going to get more expensive. Arab oil countires have capped their gas reserves for the future.

A few million? What planet are you living on ? Absolute Drivel.

Final bill for Corrib gas field project to hit €2.5bn

http://www.independent.ie/business/irish/final-bill-for-corrib-gas-field-project-to-hit-euro25bn-euro200m-2411512.html

No, they don't deserve anything. We deserve our own gas.

Who cares anyway. Our sovereignty is about to be transferred over to the Reich in a few weeks so they'll do what they please with our property and resources.

And where do we get the expertise to tap our natural resources. We have no national oil company?

Irishmarinelife

TheInquisitor wrote: »

A few million? What planet are you living on ? Absolute Drivel.



http://www.independent.ie/business/irish/final-bill-for-corrib-gas-field-project-to-hit-euro25bn-euro200m-2411512.html


And where do we get the expertise to tap our natural resources. We have no national oil company?

The revised cost estimate emerged yesterday as new documents just filed with the Companies Office by Shell Irish subsidiary, Shell E&P Ireland (SEPIL), show that the capital outlay on the project to the end of December reached €1.918bn. - From the Independent

Like I said, they'll price it as they like. Its not as if there is an independant regulator.
We have no national oil company? Neither did Norway. You create one, 80% owned by state and 20% owned by whatever oil company, for example. And the iol company gladly agree. Unless they think the country in question is run by corrupt gombeen men.

BOHtox

BOHtox wrote: »

I don't have the energy to generate these powerful puns. But I think these puns could be electric. Shell I tell you a few? no? ok

BOHtox- saying these puns so you don't have to.

maxxie

Our government negotiated a deal with shell over our natural resources, I wonder which side came away with the bigger smile!?
Besides why werent the Irish people not allowed have a say in this??

TheInquisitor

Irishmarinelife wrote: »

The revised cost estimate emerged yesterday as new documents just filed with the Companies Office by Shell Irish subsidiary, Shell E&P Ireland (SEPIL), show that the capital outlay on the project to the end of December reached €1.918bn. - From the Independent

Like I said, they'll price it as they like. Its not as if there is an independant regulator.
We have no national oil company? Neither did Norway. You create one, 80% owned by state and 20% owned by whatever oil company, for example. And the iol company gladly agree. Unless they think the country in question is run by corrupt gombeen men.

No but we have something called the Revenue Commissioners. You can check them out at www.revenue.ie. Now these are the people that check over companies accounts. Companies that must show invoices etc for all costs and are independently audited in any case. Either way , your "few million" comment is absurd. Wages alone last year were 30million plus.

Oh and by the way did you know that that lovely Norweigen oil company that you so adore part owns the Corrib gas field ?

TheInquisitor

maxxie wrote: »

Our government negotiated a deal with shell over our natural resources, I wonder which side came away with the bigger smile!?
Besides why werent the Irish people not allowed have a say in this??

You did when the majority of people voted for a group of people to represent us. It's called democracy. The 4.5million don't get to scrutinise every decision made. You can only do that on voting day.

maxxie

TheInquisitor wrote: »

You did when the majority of people voted for a group of people to represent us. It's called democracy. The 4.5million don't get to scrutinise every decision made. You can only do that on voting day.

Democracy, are you having a ****ing laugh!!

TheInquisitor

BOHtox wrote: »

BOHtox- saying these puns so you don't have to.

And while im on a roll...BOHtox feck off! This is a place for proper discussion

TheInquisitor

gizmo wrote: »

GTFO with your logic. :mad:

maxxie wrote: »

Democracy, are you having a ****ing laugh!!

These comments are pointless. At least back you your "argument"

The_Minister

maxxie wrote: »

Democracy, are you having a ****ing laugh!!

Representative democracy if you must be precise.

maxxie

TheInquisitor wrote: »

These comments are pointless. At least back you your "argument"

Developers take a gamble and lose big time, the government says dont worry and hands the Irish public the bill! Democracy :rolleyes:

TheInquisitor

maxxie wrote: »

Developers take a gamble and lose big time, the government says dont worry and hands the Irish public the bill! Democracy :rolleyes:

Looks back up at topic, looks at maxxies latest argument, scratches head...

gizmo

TheInquisitor wrote: »

These comments are pointless. At least back you your "argument"

Er, I was joking.

Irishmarinelife

TheInquisitor wrote: »

Oh and by the way did you know that that lovely Norweigen oil company that you so adore part owns the Corrib gas field ?

I don't adore them. They were given something virtually for free, hardly expect them to point to countries such as Bolivia and say ehh you sure you guys don't want a better deal from us?

They own our gas. If we want to use it, we'll have to buy it back from them at whatever price they say. this happens in NO OTHER COUNTRY in the world. If we can't afford it they'll sell it to whoever they want, those are some of the terms under which we gave them our gas.

TheInquisitor

Irishmarinelife wrote: »

I don't adore them. They were given something virtually for free, hardly expect them to point to countries such as Bolivia and say ehh you sure you guys don't want a better deal from us?

They own our gas. If we want to use it, we'll have to buy it back from them at whatever price they say. this happens in NO OTHER COUNTRY in the world. If we can't afford it they'll sell it to whoever they want, those are some of the terms under which we gave them our gas.

THEY'LL SELL IT TO US AT INTERNTIONAL MARKET PRICES!!!!!! AHHHHHH THE SAME PRICE AS WE'RE BUYING IT NOW EXCEPT BECAUSE ITS A FIELD OFF OUR COAST WE GET FIRST DIBS. It's called energy security...

DERICKOO

maxxie wrote: »

Developers take a gamble and lose big time, the government says dont worry and hands the Irish public the bill! Democracy :rolleyes:

ya and we voted them in as I did time and time again.:(

Kumejima

TheInquisitor wrote: »

THEY'LL SELL IT TO US AT INTERNTIONAL MARKET PRICES!!!!!! AHHHHHH THE SAME PRICE AS WE'RE BUYING IT NOW EXCEPT BECAUSE ITS A FIELD OFF OUR COAST WE GET FIRST DIBS. It's called energy security...

Love your logic dude. Why don't I give you a tenner for your house and you can rent it back from me at say €1400 a month. I'm a reasonable man though so I'll be willing to give you a few quid off if its in a crappy area.

Pm me about the transfer of the deeds - I promise you'll get first refusal when I'm viewing the place

ejmaztec

They'd never give away the wind and piss.

galwayrush

We could always start drilling next to the gas we gave away , drill at a suitable angle and we can steal it back..:D

Oranage2

ejmaztec wrote: »

They'd never give away the wind and piss.

I wouldn't be surprised if they give some private company loads of free land off the west coast aswell as €billions in renewable energy grants to build wind turbines, and then we buy the energy back at over the market prices.