Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

It is sad to see how far Deputy Rabbitte has travelled from being the rumoured author of the pamphlet I mentioned earlier to being the apologist, the excuser, of the continuation of the giveaway of oil and gas resources to major multinational corporations. The figure of 20 million barrels of oil equivalent, which includes gas, is not made up but is from the companies' own estimates in a pamphlet which replaced Deputy Rabbitte's as the essential work in the area of liquid assets. The writers compiled all the companies' estimates and, with the current price of oil, that amounts to some €600 billion. I am not in favour of taking this oil and gas out of the ground, given the crisis we are in.

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