Random thoughts of an Irish Software Architect in the GIS Industry.
Ireland to become major worldwide producer of Oil & Gas ?
A report in today ’s Newspaper has claimed that the amount of natural resources off the west coast of Ireland could rival some of the world’s largest oil production locations. An estimate €450billion in Oil alone is thought to be there.
If and when these Oil fields begin yielding and profits are paying tax at the 25% margin, this will be an enormous boost to the Irish Economy. Reduced National debt, improved infrastructure and health services will probably be the expected investments for these new taxes. Then who knows what will happen in the future, Kerry to become the next Dubai ?!
Lets just hope Ireland never gets accused of having WMD’s !
Ireland on the verge of an oil and gas bonanza - Independent.ie