Category Archives: Gas prices
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
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.
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
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
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