Bernard Durkan (Kildare North, Fine Gael)

This motion is timely in that it provides Members with the opportunity to reflect on an issue which currently engages public and private minds, both nationally and internationally. This is beneficial and should be done. The motion provides Members with time to reflect on the available options, our experiences to date and on alternatives are for the future.

I am somewhat disappointed that the motion does not dwell sufficiently on the development of alternatives, which must be done. It is Fine Gael policy to ensure that we develop our natural resources to the best of our ability and for the benefit of the State and its people, in all possible ways. The faster and more effective we are in respect of the exploration process, the more beneficial it will be to our economy. This debate takes place at a time when Members are informed that there are no unlimited resources available. Hence, it is important to proceed in such a fashion.

Members should consider our experiences to date. It is interesting that the Advantica report has been published when this motion is before the House. Simultaneously, international oil reserves are in question due to political instability and oil prices are escalating on a daily basis, which is of enormous benefit to oil companies. Each time some well-meaning and concerned expert makes a pronouncement regarding the lack of security of future fuel supplies, I am uncertain that the oil companies do not rub their hands in glee and go to the bank immediately on that basis.

I refer to the Corrib gas field and our experiences in that regard. I fully accept and am fully conversant with the concerns expressed by the independent group. Whatever happened and whatever procedures were followed, not everything was done in a desirable manner. It would have been beneficial for the Minister to have acknowledged that point tonight and I hope he will do so before the debate ends.

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