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1,600 billion - Massive scale of oil giveaway revealed in Shell to Sea report
national |
crime and justice |
feature
Wednesday September 19, 2012 23:33 by WSM
Govt gives our resources to private companies while we have all the banking debt
€1,600 billion. That is the figure for Irish Oil & Gas reserves already licensed revealed last Tuesday morning (Sept 11th) in a detailed report from Shell to Sea using the energy corporations own reports and estimates. People in Ireland will see almost no benefits from this incredible wealth because the Irish state gives these reserves to the corporations at the cheapest terms in the world.
In these links, some from ShellToSea and some from Indymedia, one can get an idea of the scale of scandal that lies before us, the deep level of corruption, consequences and how we are all suffering now from the financial crisis -caused by a slightly different form of corruption from much the same layer in Irish society and yet we are being robbed not just of our resources, but the very fabric of our society is being torn apart (health, educational, social & civic) , national sovereignty given away, and our taxes increase to pay for the gambles and speculation of the bankers, developers and bondholders -i.e the elite.
According to Dublin Shell to Sea "The figure is contained in a groundbreaking new report that reveals a more complete picture of the extent of exploration in Irish territory and exposes the State’s failure to effectively manage Ireland’s natural resources. By trawling through figures published by oil exploration companies, researchers compiled companies' estimates for a total of 69 different discoveries, “prospects” and other areas licensed for oil and gas exploration. The combined total of those company estimates is 20,964 million barrels of oil equivalent (of oil or gas), worth €1,600 billion at today’s prices. The research is presented in the form of a map and tables in a major new guide to the issues, ‘Liquid Assets’.
Caption: Video Id: 1hAirY3UW4o Type: Youtube Video |
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