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Crowe describes oil and gas increases as a body blow to many families who are already struggling to get by

8 September, 2006


Sinn Féin TD Seán Crowe has described the decision to increase electricity prices by an average of 20% and gas by 34% from next year as a body blow to many families who are already struggling to get by.

Deputy Crowe said:

The decision to allow electricity prices to rise by an average of 20% and gas by 34% in 2007 will be a body blow to many families.  This is the fifth time in five years that the cost of electricity has gone up and comes at a time when many people are already being stretched to the limit.  This government seems determined to govern by stealth with people paying more and more money for the basics of life – food, housing, transport and heating.

“Many people are now asking why a country which is rich in natural gas is being forced to pay extortionate prices to secure gas and oil supplies from abroad.  It is clear that those in government who were responsible for giving away the rights to Corrib and future gas and oil fields to multi national companies have serious questions to answer.  This scandalous deal, signed by former Minister Ray Burke, should now be renegotiated in the interests of the Irish people. 

"It is estimated that Corrib gas field  alone is worth more than €10 billion. And there are more gas fields off Cork, Shannon, Galway and Donegal, but no one knows yet how large they are or how much they are worth. What we do know is that they are resources that could be put to good use in Ireland." ENDS

 

 

 

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