Natural Resources

One of the greatest and most expensive scandals ever perpetrated against the Irish people is the deal done with Shell on our Gas and Oil fields.  Former Fianna Fail Minister Ray Burke, who was convicted and jailed for tax fraud, is the ‘man’ behind this deal.  The highly respected economist Colm Rapple has described the deal as “the great oil and gas giveaway”.  How right he was.  He states that “on a conservative estimate there could be 10 billion barrels of oil or the equivalent in natural gas, under the seabed off the west coast of Ireland”. That’s about enough to supply all of our needs for the next hundred years and we have given it away for nothing.  In monetary terms we are talking about €700 Billion.  This ‘deal’ must be renegotiated immediately by the next government.