Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

"Conned" German article on Irish state of affairs

Options
13»

Comments

  • Options
    #62
    nuac
    Moderators, Society & Culture Moderators Posts: 6,769 Mod ✭✭✭✭nuac


    Yes - a lot of dry wells at huge cost.

    It would have been crazy for the state to get involved in trying to find oil.

    Glad to see that Shell are still persevering to bring in the gas to North Mayo despite all the protests


  • Options
    #63
    micosoft
    Registered Users Posts: 2,359 ✭✭✭micosoft


    nuac wrote: »
    Yes - a lot of dry wells at huge cost.

    It would have been crazy for the state to get involved in trying to find oil.

    Glad to see that Shell are still persevering to bring in the gas to North Mayo despite all the protests

    Agreed. Further to that one of the odd things is that people have a problem with "Big Oil" companies (as opposed to what? Mom & Pop), when the reality is that if you are in a such a hugely risky business you need massive scale and reserves as well as (something the state could not do) spread your risk across many explorations across many continents. This is why the Oil companies are so huge - it's the economics of the business that drive it, not "Greed".


  • Options
    #64
    Ash.J.Williams
    Registered Users Posts: 20,929 ✭✭✭✭Ash.J.Williams


    if a country was to explore, it surely would need more than one well and a few drilling locations to be viable and even at that huge cost, there is still no definite return. Now that i think about it's like doing the lotto but costing millions/billions for the tickets...


  • Options
    #65
    Godge
    Closed Accounts Posts: 21,727 ✭✭✭✭Godge


    Tangatagamadda Chaddabinga Bonga Bungo wrote: »
    We were certainly 'conned' into bailing out Anglo as the recent tapes further prove.


    I don't think we've been 'conned' regarding our oil. We, as a country, produce almost no oil today.

    The success rate of exploratory drilling in Norway is about one in five. In Ireland so far, it is about one in 25.

    Drilling for oil is expensive, the state doesn't have the cash to fund this so we need private companies to do it for us, incentivising these companies through tax incentives to come here and search for oil and gas is the right thing to do.

    I can remember Fat Rabitte saying awhile ago that there's nothing stopping them from increasing the taxes placed on oil revenue when/if they're here in good numbers and are profitable.

    However inept or incompetent you or I may consider this government to be, we can be sure that if they think they can get more revenue in from the raising of a tax, they will do it.

    Apart from the reference to Rabbitte, this is a good post. There is no evidence that we have lost revenue because of our attitude to taxing royalties or profits from oil.

    In fact, the evidence from the antics of the Shell-to-Sea campaigners that quite rightly (as determined by the Irish courts) resulted in jail terms for some of them and more recently as shown by the Dalkey protesters, Ireland is a very difficult country to do business in if you are an oil exploration company. When you add that to the fact that the oil is difficult to extract, is it no wonder that there is such little oil being extracted?


  • Options
    #66
    joe swanson
    Registered Users Posts: 1,124 ✭✭✭joe swanson


    Whilst I am not admittedly up to date on the rights and wrongs of current govt policy on oil exploratoon etc, the antics of profdssional protestors do nothing to help garner sympathy for their cause. People see their underhand tactics, their ridiculous claims of "peacefull" protest, their bullying of locals supportive of the project, their horrendous treatment of workers and gardai, inc assaults etc. Ordinary decent people do not want to associate with this behaviour and then the actual issues get lost.


  • Advertisement
  • Options
    #67
    Ash.J.Williams
    Registered Users Posts: 20,929 ✭✭✭✭Ash.J.Williams


    yeah we hate the government and the pigs and we are "off grid" except on dole day,....then we're back "on grid" ...


  • Options
    #68
    nuac
    Moderators, Society & Culture Moderators Posts: 6,769 Mod ✭✭✭✭nuac


    joe swanson wrote: »
    Whilst I am not admittedly up to date on the rights and wrongs of current govt policy on oil exploratoon etc, the antics of profdssional protestors do nothing to help garner sympathy for their cause. People see their underhand tactics, their ridiculous claims of "peacefull" protest, their bullying of locals supportive of the project, their horrendous treatment of workers and gardai, inc assaults etc. Ordinary decent people do not want to associate with this behaviour and then the actual issues get lost.

    Good post.

    Met some of the Rossport objectors. Well educated UK undergraduate types. Some have objected on other projects. New form of tourism here.


  • Options
    #69
    micosoft
    Registered Users Posts: 2,359 ✭✭✭micosoft


    nuac wrote: »
    Good post.

    Met some of the Rossport objectors. Well educated UK undergraduate types. Some have objected on other projects. New form of tourism here.

    Perhaps we should raise a Tax on them. Give O'Leary the job of adding it onto their fare.... plus a exit fee......


Advertisement