We must claim wealth from oil revenue

YOUR article on the oil and gas industry in Ireland (July 26) has given some exposure to the wealth off our shores, but is sorely misinformed as to who stands to benefit from it.

He is right in saying that our oil and gas resources could eliminate the national debt and then some – but first we must reclaim what corrupt politicians have given away. Under the current terms and conditions for oil and gas exploration and production:

* There is zero state participation in any oil or gas find and no discount state buying.