Category Archives: Gas prices

Last night’s Frontline and the tax take from Corrib

Posted on February 7, 2012 by

By William Hederman. On RTÉ’s Frontline last night, I raised the question of the very low projected tax take from the Corrib Gas project. This issue is sometimes misunderstood. An example comes in this comment sent to me today by one of the … Continue reading →

Posted in Corrib Gas project, Gas prices, Myths about Corrib Gas project, State 'take' | Tagged , , , , , , | 16 Comments

Submission to Oireachtas Committee reviewing oil and gas exploration licensing

Posted on January 26, 2012 by

Last month (December 2011) I was invited to make a written submission to the Joint Oireachtas Committee on Communications, Natural Resources and Agriculture, which is reviewing Ireland’s licensing terms for oil and gas exploration. My submission is below. 

Posted in Gas prices, Media coverage, Security of supply, State 'take' | Tagged , , , , , , , , , , , | 6 Comments

Ireland’s share of revenue from its gas fields could be as low as 7%, report shows

Posted on July 3, 2011 by

The tax write-offs under Ireland’s licensing terms for oil and gas are so generous, oil companies could end up paying the exchequer as little as 7% of the revenue from Irish gas fields. This shocking figure is extrapolated from information … Continue reading →

Posted in Corrib Gas project, Gas prices, State 'take' | Tagged , , , , , , , , , | 9 Comments

Oil companies plan to export directly from Irish oil fields

Posted on July 3, 2011 by

Oil might never come ashore here: no security of supply, no jobs, no investment Currently the stock defence offered for Ireland’s excessively generous licensing terms for oil and gas is that they encourage exploration, which in turn will create jobs, … Continue reading →

Posted in Climate change, Gas prices, Security of supply, State 'take' | Tagged , , , , , , , , , | 12 Comments

Rabbitte’s gas price gaffe on Morning Ireland

Posted on June 1, 2011 by

Pat Rabbitte displayed a stunning ignorance of his brief on today’s Morning Ireland (June 1st, 2011). The notion that the Corrib project will bring down the price of gas in Ireland has been repeatedly exposed as nonsense. Yet this morning … Continue reading →

Posted in Corrib Gas project, Gas prices, Media coverage | Tagged , , , , | 2 Comments

The mythical pipeline from Russia

Posted on May 10, 2011 by

Cork is not a county I know well, but I can say with confidence that it isn’t a politically ‘unstable region’. I don’t go to Scotland much either, but again, I know it’s not one of the notoriously volatile parts … Continue reading →

Posted in Corrib Gas project, Gas prices, Media coverage, Security of supply | Tagged , , , , , | 5 Comments