Dáil debates

Wednesday, 8 November 2006

National Oil Reserves Agency Bill 2006: Report Stage (Resumed)

 

5:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)

I support the amendments, which represent an attempt to identify the direction of the agency and the issues it needs to address. The statement of strategy is important. As Deputy Broughan has said, we live in a very volatile time and the market can change dramatically. We must be led by the information presented to us. We are not often in a position to challenge the information because it is poured at us from all angles, almost as fast as the gas and oil come. In those circumstances it would be helpful to have a short-term strategy statement that could roll over every three years or so, which would cover the immediate foreseeable future, taking account of the ambient conditions at a particular time, and would be able to adjust itself in accordance with market requirements and consumer demands.

It would be no harm to incorporate these amendments. Amendment No. 42 requires that the draft strategy statement be laid before the Houses of the Oireachtas for approval. The approval is important because, as we know, we have on numerous occasions objected to the presentation of a document before the House without debate. Some approval by the Houses of the Oireachtas should be required, which goes back to what we discussed earlier today, the primacy of the Houses of the Oireachtas. This is not an attempt to undermine the Minister or his authority. The Minister has a job to do and in future the regulator will have a job to do. However, in the event of something going radically wrong, it all comes back to the Minister whether he or she likes it. The Minister is accountable to this House. Of course every Minister would simply like to go through the formalities. Why not stay at home and press a button on the computer and get approval that way? However, the approval needs to come in this fashion and it would be good for the industry, for protection and for the regulator. Most importantly it would be good for the industrial and domestic consumers as it would ensure that the representatives of the voters had some view to express on the short-term strategy which can roll over.

Amendment No. 43 seeks that the Minister should arrange for a short debate on the strategy statement. The proposals in the strategy should come before the Houses of the Oireachtas not just for rubber-stamping but also for some kind of approval. Earlier the Minister suggested that we might not have particular expertise in these areas. Members of a House of Parliament are supposed to develop expertise and not necessarily on just one portfolio or area. I believe in the old-fashioned concept that Ministers and budding Ministers should have a reasonable working knowledge of all Departments and portfolios and should be able to question those who are experts. Many experts throughout the world have not been all that expert when closely questioned even by fools like us. In honour of the concept of transparency and accountability, Members should be allowed to dispute the short-term strategy, which may be completely wrong. We may have a different vision and may have other information that may be of benefit to us in reaching a decision.

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