my oil and gas youtube video

newuser89 wrote: »

Haha maybe i should get a job with them if i come across so well as one.
Do they pay well lol

Ok again
i know nothing about this i saw a facebook page my freind liked and i watched the video then i became CURIOUS
S2S made the video but i never heard of them other than that.
I dont really need to defend myself anyway most other people are giving gd info

tell me about the darkside mr.padraig and there black magic that got your pantys tied up

A job with shell2sea? Are you for real?

MungBean wrote: »

If it works for you Monty you stick with it. I on the other hand would like to discuss things rather than just assume I'm right and discount anyone who disagrees with me.

Rather than 'discussing', I suggest you do some research if you want to find out the truth. Don't bother with advocates of any particular argument - I recommend you simply learn about the economics - there's no spin when people have their own money at stake. Then all will become clear.

MagicSean wrote: »

Potential profits. You left that part out. If the profits were guarnteed I'd be out exploring myself.

I was just speaking of profit in general in the oil business. Its a very lucrative business after costs.

The state does get a percentage. But even if they didn't get anything the economy would still benefit indirectly from any major operation. Employment in both the construction and running of an operation for one and the knock on benefits that has (reduced social welfare/increased income tax). And also the probability of a big reduction in fuel costs for the country and the increase in value of the many remaining licences. That's all beside the point though because the state does get a percentage.

I know it gets a percentage and will benefit indirectly to some degree but as far as I'm aware (I'm open to correction as I havent looked at it in detail) there is no obligation to provide gas or oil to Ireland at any kind of a discount. Once found its the companies oil, the only thing the Irish state can claim is a percentage of profits made from that oil. 25% I'm aware of, I have seen it mentioned that it could be upto 40% but I dont know how that works or who decides when and why it increases to that. Also that exploration costs can be offset against that tax. I think its highly unlikely we will have the resources for this to benefit the state to any meaningful degree at what we would currently get out of it.

They are in the business of money. They are not gonna spend massive amounts to explore an area where there may not be anything at all.

They do though, they are in the business of making money from oil. To do that they need to find oil. If they didnt want to risk the money to look they wouldnt exist in the first place. Costs from failed explorations is part of their business and is offset from the huge profits they make. Just so happens here that the cost will be offset by the tax demanded by the state leaving the opportunity for huge profits for the company and not the state (unless we hit the jackpot with the worlds biggest find).

MungBean wrote: »

Oh excuse me for discussion something on an internet forum without being an expert on the subject.

Not at all. Just don't expect to learn much if you go down this route. If you really want to learn, you'll do what I did.

MungBean wrote: »

I recommend you dont bother with threads that dont interest you. Dont bother with posting your dismissive comments of opinions based on what you assume about the people making them. This is AH, if your pointless generalising posts are permitted, surely to hell I can discuss something on a thread created to discuss that very thing ?

Keep your hair on buddy.

MungBean wrote: »

Boards is for discussions so I dont need your permission or a degree in economics to post here ok ? Sorry of I offend you with the fact that I have a different opinion or that I post stuff you dont want to read.

While you are untwisting your knickers, I recommend you start reading up on oil and gas investments. As I said, approaching it from this angle you avoid all the spin from various vested interests and you can learn exactly why it is so hard for the Irish state to make money from our (unproven) hydrocarbon resources. I learned a lot from this forum, but there is loads of info out there.

Of course, if you aren't interested in learning anything and just want a typical left/right AH squabble (and to be honest, it looks like you do) then carry on as you are. Who needs facts?

Incidentally, the idea that a big oil find would be great for the nation is a rather naive assumption. There's every chance that such an event would destroy our economy - but that's another discussion. The logic behind this is out there on the internet too if anyone is interested in learning more about it, there's no need for me to do a poor rehash of the argument here.

Eric Cartman wrote: »

i said legitimate, the ULA and SF have their own massive record of propoganda and lies

I dont automatically assume the politicians were right , but I know more than the ULA , SF, S2S and all the hippies about oil and gas exploration , and I know that Ireland doesnt have the equipment or finances to get this gas out of the ground

also the people who arent making a big deal out of this (all the mainstream media organisations, the EU , The politicians who actually have a chance of running a government , energy aquisition experts havent said anything or covered it . The only people complaining about this are former terrorists, hippys, hardline left wingers and the 'lets blame everything on fianna fail' crowd.

The day a credible source who have actual facts to back this up and no history of being violent or permanently on the dole tells me about this then ill listen

Think I'll take your route. Whats the point in listening to right wing arrogant bullshítters pretending to be experts on absolutely everything.

Eric Cartman wrote: »

yes....im bullshítting.....thats why most of the country agrees with me and every expert in the field seems to be on my side aswell , there are very few times in life where the minority are right , this is not one of those times

Well said.

MungBean wrote: »

Who needs facts indeed when you can just denounce something as bullshít, agree that everyone involved are dirty left scroungers and then profess that theres no point even discussing it.

Dont let me interrupt your hypocritical little sermon there though. Carry on sir.

I know the facts, because I have researched this. When I heard about the deals that Ray Burke signed and how we were being robbed blind, I was as disgusted as anybody. The difference is that instead of going to a forum to start complaining, I actually looked into the claims to see if they were true. They aren't.

I can say from a position of authority that that video is total donkey sh!te. What I'm telling you is that - if you want to learn why - you should do a bit of research. I gave you one source to start with.

If, on the other hand, you just want to have a row, then carry on as you are here in AH. I can start insulting you if it will help.

Eric Cartman wrote: »

yes....im bullshítting.....thats why most of the country agrees with me and every expert in the field seems to be on my side aswell , there are very few times in life where the minority are right , this is not one of those times

All you have done is dismiss the issue because of the people who raised the it and claimed you know more than anyone of them. So I stick by what I have said. Your dismissal of the issue in this thread is nothing more than arrogant bullshít.

Quite similar in fact to the type of argument used in the video by your arch nemesis, the "dirty lefty scroungers". Claim something is true, dont back it up and dismiss anyone who argues with it.

MungBean wrote: »

We are on the internet, I dont know what you have researched or what claims you have found to be untrue. If its not evident from your post I cant know what position your in when discussing it. All I can do is comment on the posts in front of me and thats what I did.

You make a statement about the video being nonsense, I never challenged that. You agreed with Eric Cartman's generalising statement about dirty lefty dole scroungers, then when I struck up a discussion with MagicSean you advise him not to bother trying it explain it to me and then proceeded to tell me I shouldnt be discussing it without researching it.

If you didnt want to discuss it then you didnt have to discuss it. If you wanted to show some places to find answers in regards to what was asked by the OP then you should have done so. But you didnt, you had a rant, dismissed my opinion and now claim its all valid because you have knowledge of the subject.

Claiming you have researched it and have knowledge of the matter after all that only proves you never wanted to discuss it in the first place and only ever wanted to have a dig at the people who made the video and flame me while I discussed it with MagicSean.

Well that's one way of spinning what happened. Here's how I saw it:

A guy appears promoting a video that's done the rounds about Ireland and Norway and oil and gas, asking what we think about it.

I told him it's donkey sh!te, which it is.

A discussion of sorts begins.

I point out to MagicSean that he's probably wasting his time trying to explain this, as (based on the previous threads where this has been discussed) the people who are outraged by this video usually aren't interested in the facts, they are more interested in outrage and arguing.

You take offence to my addressing MagicSean and start giving out to me. Repeatedly.


That's how I remember it anyhow. And regarding the research I've done - I'm not asking you to trust me (so it doesn't matter whether you believe me or not), I'm asking you to look into it for yourself and suggesting avenues you might use to avoid the pro/anti lobbies with their inclination for distorting the truth.

I'll point out that I haven't insulted you at all, even though you've repeatedly called me a hypocrite etc., and that if you put as much time into looking at the site I linked as you did to complaining about me you'd already have made a good start into understanding why that video is the essence of donkey sh!te.

Monty Burnz wrote: »

Well that's one way of spinning what happened. Here's how I saw it:

A guy appears promoting a video that's done the rounds about Ireland and Norway and oil and gas, asking what we think about it.

I told him it's donkey sh!te, which it is.

A discussion of sorts begins.

I point out to MagicSean that he's probably wasting his time trying to explain this, as (based on the previous threads where this has been discussed) the people who are outraged by this video usually aren't interested in the facts, they are more interested in outrage and arguing.

You take offence to my addressing MagicSean and start giving out to me. Repeatedly.


That's how I remember it anyhow. And regarding the research I've done - I'm not asking you to trust me (so it doesn't matter whether you believe me or not), I'm asking you to look into it for yourself and suggesting avenues you might use to avoid the pro/anti lobbies with their inclination for distorting the truth.

I'll point out that I haven't insulted you at all, even though you've repeatedly called me a hypocrite etc., and that if you put as much time into looking at the site I linked as you did to complaining about me you'd already have made a good start into understanding why that video is the essence of donkey sh!te.

Lets not cry victim here now and lie about being repeatedly insulted. I called one post a hypocritical sermon. It was not an insult and it was not repeated.

You went out of your way to tell another poster he was wasting his time "trying to explain" something to me. You didnt want to discuss it and you didnt want anyone else discussing it either. You got involved to derail the discussion.

Monty Burnz wrote: »

Actually, I said 'there's no point in trying to explain this', fullstop. I made no mention of you in particular, as my comment was a general observation. It seems you mistakenly believed I was referring to you, which would explain why you got so upset.

You quoted his response to me and said he was wasting his time trying to explain it, that if people wanted to understand it they should read about it and then made some reference to believing whatever propaganda ya hear.

Hard not to take that as being directed at me.

Monty Burnz wrote: »

Well, I trust you'll take my word when I tell you it wasn't. It was a comment based on trying to explain this stuff on several threads since before the general election.

Fair enough. Apologies for the misunderstanding.