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Seanad: Offshore Oil and Gas Exploration: Statements (27 Jun 2012)

Pat Rabbitte: ...Norway that produces its extraordinary strike rate. One could go into a Paddy Power office and place a bet on having one strike in four drills, whereas one could drill around the Irish coast for a long time before finding another Corrib field. While I have not made up my mind on this matter, I have a genuine difficulty in understanding how it would be a source of comfort to some people or...

Seanad: Offshore Oil and Gas Exploration: Statements (27 Jun 2012)

Pat Rabbitte: ...true in circumstances in which Ireland is competing with other countries to attract exploration investment in the case of an industry where the nature of the business requires the taking of a long-term view. For this reason, I welcome the recommendation of the committee that no retrospective change should be made to the licensing terms. Ireland has a very clear strategy in this sector,...

Seanad: Offshore Oil and Gas Exploration: Statements (27 Jun 2012)

David Norris: ...reservations about the Minister's position. I would probably share some of them. I will go back to the beginning. My interest in the issue was first sparked by the Keating principles. That was a long time ago, in 1975, when I was beginning to get interested in politics. I knew Mr. Justin Keating who was the son of the great painter Seán Keating. He was a man of incisive intellect....