Dáil debates

Wednesday, 8 November 2006

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

 

6:00 pm

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

I agree with the Minister's comments on the GSI. In recent weeks, I submitted a question on the GSI, but the question was transferred to another Department despite the GSI being under the Minister's aegis. It is a clear indication of things that go wrong from time to time.

This is a critical matter. Modern technology has improved significantly and geological mapping is more forensic than previously. For example, it would have been unheard of 25 years or 30 years ago to suggest that the types of resources we are discussing were available because there was no evidence to support it. In the interim, we have progressed to such an extent that we can with a reasonable degree of accuracy identify the location and the nature of the resources, which is beneficial.

That notwithstanding, as we move further from our shores, we will incur greater expenditure. That people have shown interest in this level of exploration is welcome, but our nation must come to grips with the situation. We cannot argue every toss of the coin and second guess everything. We must establish a common ground. I support the amendment because it would present the Minister with the opportunity when taking that route——

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