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The Irish Labour Party are Traitors !

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Uploaded by on Oct 20, 2011

The Greatest Rip Off in Irish history Begins !

Thirteen new licences have been granted for gas and oil exploration for the Rockall, Slyne and Porcupine basins off the Irish coast.

Minister for Communications, Energy and Natural Resources Pat Rabbitte said the licences were granted following an assessment of 15 applications submitted last May.

Minister Rabbitte insisted the State did not have the resources to fund the exploration and rejected claims that Ireland's licensing scheme was excessively generous.

He said another significant find would do wonders for our energy security and said the tax-take would be significant.

The minister said Ireland needs to see an increase in exploration activity and exploration drilling in particular, if the petroleum potential of our offshore is to be realised.

''The positive outcome of the 2011 Atlantic Margin Licensing Round will help bring a new momentum to the level of exploration activity in our offshore.

''Ireland must continue to communicate the message to international exploration companies that Ireland is open for business and that the Irish offshore has real potential."

Meanwhile, Socialist Party TD Joe Higgins said he found the Government's approach to exploration to be utterly wrong.

He said it was handing over to the private oil companies control of the whole future recovery and development of the natural resources off the coast.

Mr Higgins said a publicly owned exploration and recovery company should be established to set about assembling the expertise for exploration.

A total of 12 companies are involved in the 13 awards.

The companies involved include both new entrants to Ireland, together with companies already active in the Irish offshore.

The seven new companies that will be offered acreage are: Antrim Energy; Bluestack Energy; Europa Oil & Gas; First Oil Expro; Petrel Resources; Repsol Exploration; and Two Seas Oil & Gas Ltd.

The five companies already active in Ireland are: Providence Resources Plc; Chrysaor; Serica Energy; Sosina Exploration and San Leon Energy.

It is expected that exploration could start immediately.

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Uploader Comments (longgoodbyeIreland)

  • Hang on, you know they're all (or all to a large extent) Irish owned companies? Operating in Ireland? Therefore paying tax to the Irish people. Not only that, but each company has to comply with the conditions set out by the Petroleum Affairs Division of the Department of Communications, Energy and Natural Resources. Not to mention the fact that it would (most likely) significantly decrease the cost of energy to the end consumer, which most of us could probably do with.

  • @reallyhughish

    Privately owned companies exploiting publicly owned resources , if you think this is going to be a bonanza for Ireland you're dreaming , shell don't work like that .

    Rape and pillage is the name of the game !

Top Comments

  • The modern ILP is the consummate useful idiot party whom many are bourgeoisie-born CCC's (credit card commies).

  • Nothing strange about that then. This is what reds do.

    1)Say you are a freedom fighter fighting for the oppressed.

    2)Seek their support and vote

    3)fuck them over when you get into power. View the oppressed as slaves and beneath you, while you live the life of luxury and piss on the proletariat.

    Classic red moves. They are the losers of society who rely on cheating and engineering the playing field in order to win anything.Really angry frustrated people underneath.

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  • @longgoodbyeIreland Shell isn't involved in this licensing round. For all we know, they may have applied and been turned down. They're privately owned companies using public resources with the consent of the department of government who have authority over them. They're paying taxes, which is a contribution to Ireland, not only that but the oil will go to Ireland, they're not exporting it. It's how capitalism works, if you have a problem with that make videos about capitalism not oil companies.

  • Yes, all Irish Politicans are traitors. But at least the Labour Party Support free abortion on demand for any reason in Irish Hospitals.

  • arent all irish politicians traitors to the people?

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