Providence Resources Share Discussion Threads

[steelwatch] 29/8/2022 16:26

On the basis of everything we've read, was surprised by this:

[bill216] 29/8/2022 15:33

What a weird world view. Fossil fuels are not a religion.

[hermana3] 29/8/2022 12:32

Will the Goverment ever wake up to upcoming energy crisis? Ryan's door is firmly closed to all enquiries of course...

[cephalosaurus] 29/8/2022 12:10

Green energy is a scam, the real issues are, as usual being sidestepped. It's easier to win the vote of the woke generation sidestepping the truth with fantasy technology rather than continue to burn fossil fuel in a measured way, while facing manageable real life problems such as pollution clean-up and deforestation. With the latter two, the planet will regulate itself. Green sources of energy trash the planet.

[theshenagainagain] 29/8/2022 11:05

30 Aug 2022, 12.00 The Joint Committee on Environment and Climate Action will meet in Committee Room 3. Should be interesting. Will we get a mention?

[theshenagainagain] 29/8/2022 10:44

You must be great fun at parties :/

[ps200306] 29/8/2022 09:38

If it's someone with insider knowledge they really went all in, spending €2.5k :/

[theshenagainagain] 29/8/2022 08:40

Hello 5 cent in Dublin. Been a while. Today going to be a good news day?

[swizz] 29/8/2022 07:32

An absolutely astonishing admission of failure from Aoife MacEvilly and it makes you wonder how far the green party’s ludicrous ideology, in regards to energy security and energy transition has infiltrated the key offices of the energy sector and the civil service in Ireland?, it’s also very evident that the Russian and Ukrainian crisis is going to be played on repeat as the root cause of the crisis, hopefully the political debate will intensify to call out this ridiculous line of defence,...GL S


“There are no cast iron guarantees when it comes to electricity”

Chairperson of the Commission for regulation of Utilities, Aoife MacEvilly, on whether Ireland can expect power blackouts this winter.

[cephalosaurus] 28/8/2022 22:48

the mirage of green energy.
European Commission mirrors the above conclusions, but ignored by lawmakers

[theshenagain] 28/8/2022 13:46

GOV are afraid of Ryan and Ryan is afraid of his cult.....

[wpc9] 28/8/2022 12:14

Energy is clearly the responsibility of Ryan. Problem is other gov partners are afraid to rock the boat.Back bench revolt to remove Ryan is viable but he is like a spoilt child and would think nothing of collapsing the gov. If it happens he may resign on a ministerial pension and prob get some plush MEP job in europe along with the other clown Cuffe.Whole saga is hard to believe while joe soap being screwed again.

[theshenagainagain] 28/8/2022 11:37

Needs to be repeated over and over in a world where energy poverty is becoming commonplace.

Providence estimated the total reserve in place between 1 and 1.6 billion barrels (160×106 and 250×106 m3) in July 2012. In April 2013 an independent audit estimated the recoverable total at 311 million barrels (49.4×106 m3) barrels of oil, and 207 billion cubic feet (5.9 billion cubic metres) of gas. This gives a total of 346 million barrels (55.0×106 m3) of oil equivalent.

[theshenagainagain] 28/8/2022 11:13

There is palpable air of crisis within the Irish energy sector right now that is eerily redolent of banking in 2007. And just like the financial crisis, this has nothing to do with external factors, not President Putin of Russia, not the war in Ukraine nor the Nord Stream pipeline.

Just as the weakness in the financial system was rooted in the toxic loan books of the banks, not in the collapse of Lehman Brothers, this is a crisis that is entirely home baked. SSE Airtricity’s enormous price hikes announced on Friday represent an immediate headache for the government and a huge worry for Irish households and businesses. It is forecast that UK energy bills are headed for near £7,000 (€8,250) a year next year. There is talk that businesses in certain sectors will shut up shop and lay off staff rather than suffer higher energy bills.

Ireland may face a similar scenario to that of the UK. The goalposts for next month’s cost of living budget keep moving. Yet there is a deeper malaise within the Irish energy system that should not be masked by the present bout of soaring energy inflation. With or without the war in Ukraine, Ireland was already heading for a deepening supply crisis this winter after five years of poor planning.

The prospect of rationing and levies for power usage at peak times is not related to the rising cost of gas. It is down solely to how badly we have run and planned our energy system. As reported here today, there will be a €100 levy on every electricity bill next year to pay for “imperfections” on the grid; essentially to cover the system’s failings.

As the country faces its greatest energy crisis in close to 50 years, it’s therefore surprising that Ireland does not have an energy minister. Responsibility falls to Eamon Ryan, minister for transport, climate, environment and communications. Indeed, it seems that Ryan is the minister for practically everything else but energy. There is not even a junior minister with responsibility for energy. That, quite frankly, is bizarre.

It ensures that energy is only ever seen through the prism of climate and the environment. Energy policy is hugely important to Ireland’s climate change ambitions, yet it cannot be viewed in such splendid isolation.

Back in 2007 when Ryan was actually the minister for energy, the now Green Party leader introduced a round of offshore oil and gas licensing by highlighting Ireland’s vulnerability as an energy importer.

In banning future oil and gas exploration some 14 years later Ryan pointed to Ireland’s dismal record in oil and gas exploration, with two strikes in more than 50 years. It is far from sure that recoverable fossil fuels resources lie beneath the ocean bed, he logically argued, whereas it is indisputable that Ireland has one of the richest wind resources in Europe. The future is wind.

Ryan is right, yet at present renewable energy’s limitations are clear. Wind contribution to the grid can fluctuate from 30 per cent to less than 1 per cent. That will not change wildly with new renewable capacity. The country will continue to have a need for fossil fuel to generate electricity until storage technology improves.

Yet Ryan and his government colleagues seem happy that those fossil fuels be imported. Extensions to existing licences, not covered by the ban, at both Providence Resources’ Barryroe field off the Cork coast and Europa Oil’s Inishkea field close to the Corrib field are both sitting on his desk, slowly gathering dust.

If both fields were developed, and there is no certainty they will be, it is possible that by the time they are exhausted, hydrogen storage will be advanced enough to step into the breach.

Yet there is no appetite in government to support existing permit holders. As the Corrib field exhausts, the island of Ireland will rely entirely on gas piped through the Moffat interconnector in Scotland. The country will cede its energy sovereignty to the UK, quite possibly under a Sinn Fein government. The people’s populist party is naturally against offshore exploration.

In June a senior official in the Commission for the Regulation of Utilities said that it would not make sense to become reliant on a single source of gas “no matter how reliable it is”.

A review of Ireland’s energy security is under way — it has been running since November 2019. Laughable.

The scary part is the absence of debate. There is an overriding orthodoxy that rejects the very mention of fossil fuels. That is very 2007.

[theshenagainagain] 28/8/2022 10:49

Article in the Sunday Times.

[roadster750] 28/8/2022 10:04

So the germans are feverishly collecting firewood and the Poles are queuing days for coal, meanwhile the eco mong ryan in his 1 million plus super energy efficient govt funded (tax payer)pad reassures the good folk of Ireland that everything will be just fine this winter.

[theshenagain] 27/8/2022 23:41

The Greens are a doomsday cult that have been given credibility by Varadkar and Martin.

[paulsavannah] 27/8/2022 22:23

Really can't understand the logic...to think this is who is in charge of running the country...i despair...I really do....Gas and electricity bills likely to rise further https://www.rte.ie/news/ireland/2022/0827/1319157-energy-costs/

[roadster750] 27/8/2022 09:57

Ryan up to his usual tricks of simply ignoring any issue that goes against his eco zealotry,he fails to carry out his responsibilities as a minister and should be summarily removed from office.

So while the Irish nation is on the verge of an economic meltdown this is what occupies the mind of Ryan , this is where he thinks scarce resources need to be spent.

[hermana3] 26/8/2022 21:59

See wee Tom Hickey formerly of Tullow is now FD at Kenmare. The wee man certainly moves about..