Noel Dempsey (Meath, Fianna Fail)

To get back to the Bill, Deputies Broughan, Eamon Ryan, Crowe, Finian McGrath, Mulcahy and Cowley referred to emergency measures relating to oil. The increased cost of oil, taken with the issues of dwindling resources and geopolitical tensions, are all a cause of concern. I advise Deputies that as a member of the International Energy Agency, Ireland is required to maintain oil stocks equivalent to at least 90 days of net imports in the previous year. The EU imposes a similar requirement based on consumption.

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