Rossport Mk II in the pipeline?

Boy M5

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Ever wonder why we don't have 50 oilrigs off our west coast?
Free oil out there for whoever wants it, ~30 odd years since Burke brought it those conditions
No as the answers are easy.
Saudi & other Middle East oil was cheap to access & plentiful. Situation has been worsened by fracking & oil sands technology & Saudi v US MAD stand-off.
There hasn't been a find off of our coast (yet).
If there was a find & oil prices were high, or it was ludicrously plentiful we would have had a Nash Equilibrium - with everyone with rights rushing to carry out exploration & an active secondary market in licences & rights.
 


firefly123

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So all this oil we gave away for free? Where is it? Are they using oil drilling submarines? Surely the horizon should be thick with oil rigs pumping out the goodies whilst fat cat oil barons laugh at us.
According to Eddie Hobbs 3 years ago (just before the collapse in oil prices) was the time to nationalise our oil exploration at a cost of billions. Yet again Eddie's advice was golden.
I've been following threads like this for ages on here and no one has yet explained the lack of an oil industry considering how we gave it all away. Anyone care to take a shot at it?
 

Roberto Jordan

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So all this oil we gave away for free? Where is it? Are they using oil drilling submarines? Surely the horizon should be thick with oil rigs pumping out the goodies whilst fat cat oil barons laugh at us.
According to Eddie Hobbs 3 years ago (just before the collapse in oil prices) was the time to nationalise our oil exploration at a cost of billions. Yet again Eddie's advice was golden.
I've been following threads like this for ages on here and no one has yet explained the lack of an oil industry considering how we gave it all away. Anyone care to take a shot at it?
Don't you know?
The conspiracy to steal the oil is part of a larger conspiracy to then sit on said stolen goods until a specific set of market conditions pertain ( obviously oil having been above $100 a barrel wasn't it) at which point rapid exploitation of these previously undeclared reserves will occur. Because, you know, oil company CEOs and shareholders love leaving valuable assets like proven reserves off of their balance sheets - just for giggles. ......much easier to spend $$$'s squeezing oil out of mud in canada or buying out mid western ranchers for fracking rights.
 

im axeled

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FF have a worse record in that regard, it was Ray Burke who introduced the present hydrocarbon tax regime in 1992.
what ever the failures did the trousering party will have to be seen to do better, now if their owner gets involved in an oil company, the smart money will follow, then we will know all about tax write offs
 

im axeled

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Why didn't the Stickies (with their extensive knowledge of foreign lands - DDR, N Korea & currency markets - US Dollars specifically) undo the former jailbird's handiwork? Why didn't FF under Ahern? Or the Trousering Party?
i should have copywrited that name, it will be very popular and prove more correct as the days go by
 

Watcher2

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So all this oil we gave away for free? Where is it? Are they using oil drilling submarines? Surely the horizon should be thick with oil rigs pumping out the goodies whilst fat cat oil barons laugh at us.
According to Eddie Hobbs 3 years ago (just before the collapse in oil prices) was the time to nationalise our oil exploration at a cost of billions. Yet again Eddie's advice was golden.
I've been following threads like this for ages on here and no one has yet explained the lack of an oil industry considering how we gave it all away. Anyone care to take a shot at it?
I have seen and explanation for this along the lines of it being less costly elsewhere than in our deep sea. So give it time.
 

Peppermint

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So all this oil we gave away for free? Where is it? Are they using oil drilling submarines? Surely the horizon should be thick with oil rigs pumping out the goodies whilst fat cat oil barons laugh at us.
According to Eddie Hobbs 3 years ago (just before the collapse in oil prices) was the time to nationalise our oil exploration at a cost of billions. Yet again Eddie's advice was golden.
I've been following threads like this for ages on here and no one has yet explained the lack of an oil industry considering how we gave it all away. Anyone care to take a shot at it?
I do believe there are potential pockets of oil scattered around our coast.
However looking for it is expensive and currently not really worth the hassle.

But it does not mean we should give all potential future resources away surely?

Just like our fishing when we gave it away..

There weren't massive ships turning up in our ports with tonnes of fish every day, so we gave it away....


But, guess what, there are now massive ships turning up in other ports with tonnes of fish caught in Irish waters, while Irish fishermen are put in shackles if they dare to fish over their meager quota's...

We should be very careful what we give away.
 

cropbeye

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The treatment of ordinary people by the Government in the one case

was an illustration of how quickly they turn on people who ask questions.

It thus threw light on the utter contempt the Government has for the people on issues like natural resources and royalties.
 

drummed

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So, we'll have more crustie luddites hanging around in trees and smoking dope soon?

Great.
 

wombat

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So, we'll have more crustie luddites hanging around in trees and smoking dope soon?

Great.
Summer season is on its way, hopefully.
 

drummed

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Summer season is on its way, hopefully.
The endless winter seems to lack worthy causes to go all luddite over for some strange reason. Come good weather something always turns up for them.
 

firefly123

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I do believe there are potential pockets of oil scattered around our coast.
However looking for it is expensive and currently not really worth the hassle.

But it does not mean we should give all potential future resources away surely?

Just like our fishing when we gave it away..

There weren't massive ships turning up in our ports with tonnes of fish every day, so we gave it away....


But, guess what, there are now massive ships turning up in other ports with tonnes of fish caught in Irish waters, while Irish fishermen are put in shackles if they dare to fish over their meager quota's...

We should be very careful what we give away.
We give Licences out for finite lengths of time. So if someone gave away our oil in 1990 (or whenever) then the license has run out already and we still have the oil under the sea.
 

dresden8

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The primary issue at Rossport is safety.

The gas treatment plant should have been built at sea, as is the norm.
Jeez, you'd imagine Eamonn Ryan wasn't in government when protestors were being beaten off the roads or threatened with rape by the Gardai.
 

Karloff

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So all this oil we gave away for free? Where is it? Are they using oil drilling submarines? Surely the horizon should be thick with oil rigs pumping out the goodies whilst fat cat oil barons laugh at us.
According to Eddie Hobbs 3 years ago (just before the collapse in oil prices) was the time to nationalise our oil exploration at a cost of billions. Yet again Eddie's advice was golden.
I've been following threads like this for ages on here and no one has yet explained the lack of an oil industry considering how we gave it all away. Anyone care to take a shot at it?
We should leave it were it is. As a substrate for the pharmaceutical and chemicals industries oil will be very much sought after in bulk in the future... (provided technological advances do not invalidate the possibilities).

It's our wind and tidal energy we should be exploiting.
 

firefly123

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We should leave it were it is. As a substrate for the pharmaceutical and chemicals industries oil will be very much sought after in bulk in the future... (provided technological advances do not invalidate the possibilities).

It's our wind and tidal energy we should be exploiting.
I agree. But it is still there and it ain't coming out anytime soon. If you read some posts on other threads you'd think we'd been bled dry of it all for a few fur pelts.
 


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