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What we could do with €540 billion in oil and gas
national |
rights, freedoms and repression |
opinion/analysis
Monday February 21, 2011 22:46 by AC
What could we do with the €540 billion in oil and gas which according to the Irish government lies in Ireland’s Atlantic Margin area? It’s a mind-bogglingly large amount of money. |
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Jump To Comment: 1 2 3 4 5 6 7 8 9 10 11Ask your candidates about the oil and gas!
What we could do €5.4 TRILLION in oil ands gas, which is what the iStockAnalist report at http://www.istockanalyst.com/article/viewiStockNews/art...97336 suggests the Republic of Ireland's oil and gas resources are worth.
As far as I know, and allowing for the fact I'm not used to dealing with such large numbers, 5.4 trillion is (I think?) 10 times more than 540 billion.
Related link: http://www.humanrightsireland.com/DailEireannGroup1/20F...teral
it adds up to 1,000 billion. I'm just counting the change from last weeks dole to be sure.Give me a week. I've nearly enough money left to start a war.
I hope that you (or somebody else) will correct me on this thread if I'm wrong, but I think 5.4 trillion Euros equals 5,400 billion Euros?
And, as can be seen at the address provided earlier (please see at Tue Feb 22, 2011 10:14) the iStockAnalist report very clearly states 5.4 trillion.
I was saying a trillion is a thousand billion, as far as I know(my abacus is a bit rusty from lack of use at such high numerical altitudes). A tenner boggles me these days.
There's two definitions of a 'Billion'. The US Definition is a thousand million, and the other one is a million million however, it's the US version that's standardised or accepted.
And henceforth for a Trillion-a thousand Billion.
"There's two definitions of a 'Billion'. The US Definition is a thousand million, and the other one is a million million however, it's the US version that's standardised or accepted."
In order to avoid confusion between two english speaking nations the British defined a billion as " one thousand million" in 1974.
So an English billion is the same as an American billion since then.
After all, the English can define what they like in their own English language.
.
A Bank in England owns 54.4 million shares in shell, A bank in Germany owns 27 million shares and a bank in N.Y. owns 17 million shares of shell A shares, so the Banks own shell oil an gas, no wonder the last Gov. gave it all a way , not to its Irish people but to the banks, with nothing going to the people of the Country who have to bail out Irish Banks all the while Banks from other Countries enjoy tax free oil an gas from FF. It's beyond belief. There is great amounts of gas an oil out in the Atlantic ocean of the Irish coast, but now we learn that foreign banks are going to make all the profits in Trillions, time to really stand up.....at the voting box.....
The vote is over. Its neo-cons all the way. Pat Cox, Peter Southerland, Dermot Desmond, Parlon and Lowry et al are slipping into the cockpit.
The question becomes what way the opposition forms.
Micky Martin wil be out of the traps like the Bull O'D on steroids mixed with amphetamines; determined to try to outshout any attempt at driving an alternative analysis from the consensus the media have maintained throughout the election campaign.Deckchairs and decor.
It will be more difficult if Sinn fein and ULA make a decent showing. Martin has been given leeway all round by the mainstream gombeen press trying to resuscitate its collapsed advertising revenue. They are determined to blow up their busted PD tiger and see can they siphon another tranche out of the turnip. Expect more of the same. The FF-Punch n FG-Judy show saves them the trouble of thinking. Drama uber erosion of readership by rationality. Labour seems to be lost. Fawning like a fucking puppy over Endya's possible pat on the head.
Vote tomorrow. Then start preparing for the real scrap. Varadkar, Shatter, Noonan&Co are as arrogantly sure of their right to rule as Fianna Flatula.
The NEXT election might be listenable.
A good way to get your head around them is to think about seconds.
A million seconds (1,000,000) is about eleven and a half days.
A billion seconds (1,000,000,000) is about 31 and a half years.
A trillion seconds (1,000,000,000,000) is about 31,700 years.
Take it back!!