Oil and gas are our most precious resources

Europe Correspondent Ann Cahill looks at a documentary that explores Ireland’s oil and gas resources that claims the Government is being careless with the country’s precious stocks.

IRELAND is traditionally careless with its natural resources — gifting about €1bn worth of fish a year to other EU countries — and is making the same mistakes with oil and gas, according to new film Atlantic.

The documentary asks why Ireland’s original Norwegian-style gas and oil policy was dismantled by previous governments with a US government report finding that Ireland had the second lowest tax take of 142 countries studied.