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Eminently Predictable but Still Sickening July 25, 2012

Posted by Garibaldy in Economy, Fianna Fáil, Workers' Party.

The BBC reports today news that

An Irish oil exploration company has announced that it has found between 1bn and 1.6bn barrels of oil in Ireland’s first commercially viable oil well.

Providence Resources has been carrying out tests at the Barryroe oil well 70km off the coast of County Cork, and the find is four times what was expected.

The CEO assured us that

The exchequer would get sizable income from the successful exploitation of offshore fields both in Nothern Ireland and the Republic

Um, maybe not, thanks to our friends in Fianna Fáil.

Who is the chief executive? One Tony O’Reilly Jr.


1. eamonncork - July 25, 2012

Thanks for posting the video Garib. Frankly unbelievable stuff even if it has been mentioned so often during the Rossport saga.


Garibaldy - July 25, 2012

It’s depressing the way the whole thing has been handled, and continues to be handled by the former secretary [I think that was his job] of the resources protection campaign.

I’ll have to get The Great Irish Oil and Gas Robbery up in the Left Archive at some point soon. That stuff from the UI and the Research Section in the late 60s and 70s was spot on a lot of the time.


2. doctorfive - July 25, 2012

Chairman at Providence is Brian Hillery. Chair at INM until 2011.
Chair at Unicredit Ireland till he was appointed to the Central Bank by Brian Cowen in 2008
Former FF TD & Senator



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