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Ireland 'close to oil billions'
Ms Sans Serif
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[quote:Anonymous Coward 11835165:MV8yMDEzMTQzXzMzODMwMDUyXzVBOUI2MDAz] [quote:Anonymous Coward 25159339:MV8yMDEzMTQzXzM3NEY0OUJD] Ireland is on the verge of securing revenue from oil that could run into billions of pounds. Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil. Providence chief executive Tony O'Reilly Jr said this was the beginning of an Irish oil industry. He described it as a huge success story, following decades of exploration around the Irish coast. http://www.bbc.co.uk/news/uk-northern-ireland-19889948 [/quote] I'm not sure why anyone would say Ireland should NOT develop petroleum. Clearly, it needs the money. To say that 12,000 years of history or pristine beauty will be damaged in the process is a stretch. Many Irish emigrated to the U.S. for economic reasons. Glad to see Ireland make some money. [/quote]
Ireland is on the verge of securing revenue from oil that could run into billions of pounds.
Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil.
Providence chief executive Tony O'Reilly Jr said this was the beginning of an Irish oil industry.
He described it as a huge success story, following decades of exploration around the Irish coast.
link to www.bbc.co.uk
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