Potential rewards of our oil are huge

Billions of barrels of oil and gas may lie beneath the sea in Ireland's offshore waters.

14th September, 2013

Billions of barrels of oil and gas may lie beneath the sea in Ireland's offshore waters. If discovered, commercialised and sensibly taxed, Ireland's potential oil and gas reserves would transform the country's fortunes forever.

Discovery of large-scale oil and gas fields off our western coast has the potential to be one of the single most transformative event in the country's financial history. A point of comparison: Norway's sovereign wealth fund, into which it has poured...

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