Oil discovered off Cork coast (10)
no doubt our incompetent government will sell off the rights to some foreign company
Tis great news..think positive me laddies ,our luck is changing...there's oil in dem der seas....
dantes85: Well, we have oil . . . again. Apparently, there's an awful lot of it this time, and it could be pumping by 2014. There's hope of jobs, tax revenue - but the Corrib find is still fresh in the mind. The State have not received one cent from Corrib to date, because of the deal they signed.
So as well as discussing the find - will our government roll over again, allow external contractors take all the work, end up with little to show - or could this turn the tide of the recession.
it might create some jobs but we won't get any royalty'sSo as well as discussing the find - will our government roll over again, allow external contractors take all the work, end up with little to show - or could this turn the tide of the recession.
jimbo79: it might create some jobs but we won't get any royalty's
According to the article, the tax take on National resources is 25% - guess that could depend on the deal signed. Sure it's all going to the banks and bondholders anyway. Bet they're excited.
We'll have to see with jobs, often they're promised, but not offered much locally. Those larger companies have their own contractors and subbies that they use regularly regardless of the country they're in.
Oh they don't have that much competence. They will lend someone the money to buy it. We will buy the oil back from these people. Then when they've siphoned off all the profits, they will default on the payment. The government will then take the debt on board and have to borrow more from the ECB and the IMF. They will tell us that the Troica have insisted they do it this way to cover existing debt.
The Greeks you will have noticed, had the brains not to go looking for oil whilst they are trying to get as much debt as possible written off.
So I suggest we all bend over and prepare to take some more German sausage up the bum!
The Greeks you will have noticed, had the brains not to go looking for oil whilst they are trying to get as much debt as possible written off.
So I suggest we all bend over and prepare to take some more German sausage up the bum!
Godsgift: Oh they don't have that much competence. They will lend someone the money to buy it. We will buy the oil back from these people. Then when they've siphoned off all the profits, they will default on the payment. The government will then take the debt on board and have to borrow more from the ECB and the IMF. They will tell us that the Troica have insisted they do it this way to cover existing debt.
The Greeks you will have noticed, had the brains not to go looking for oil whilst they are trying to get as much debt as possible written off.
So I suggest we all bend over and prepare to take some more German sausage up the bum!
The Greeks you will have noticed, had the brains not to go looking for oil whilst they are trying to get as much debt as possible written off.
So I suggest we all bend over and prepare to take some more German sausage up the bum!
Ah now, was there not a big olive oil find in Greece recently?
Yeah, vaseline sales are going to go through the roof. .
dantes85: Ah now, was there not a big olive oil find in Greece recently?
Yeah, vaseline sales are going to go through the roof. .
Yeah, vaseline sales are going to go through the roof. .
dantes85: Well, we have oil . . . again. Apparently, there's an awful lot of it this time, and it could be pumping by 2014. There's hope of jobs, tax revenue - but the Corrib find is still fresh in the mind. The State have not received one cent from Corrib to date, because of the deal they signed.
So as well as discussing the find - will our government roll over again, allow external contractors take all the work, end up with little to show - or could this turn the tide of the recession.
So as well as discussing the find - will our government roll over again, allow external contractors take all the work, end up with little to show - or could this turn the tide of the recession.
The yanks will be invading us soon then
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Created: Mar 2012
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So as well as discussing the find - will our government roll over again, allow external contractors take all the work, end up with little to show - or could this turn the tide of the recession.