PORTUGAL IS GIVING AWAY MORE THAN €100,000,000,000 OF OUR NATURAL RESOURCES
Let’s just accept that the government is speaking the truth for a change and that Portugal is going to get extremely wealthy, pay our debt quickly and we will all be running smilling to the bank every day.
So what will the Government be spending these new-found riches on?
THE ANSWER IS: NOTHING!
This wealth will be leaving Portugal, thanks to all the deals made between our "very clean and ethical" Portuguese government and these same multinational oil companies.
While people in Portugal are suffering, and we are experiencing more and more cuts in public services due to lack of government funds, when people are facing one of the worst recessions in the Portuguese history - and being told to tighten their belts, to grin and bear the painful cuts to health, education, salary and pensions - these same giant oil companies are preparing to remove Portugal’s valuable natural resources and divvy up the billions of euros of profits between their shareholders.
BUT A BETTER DEAL IS STILL POSSIBLE
Several countries have recently changed their laws to reclaim a greater share of gas and oil wealth, Portugal as usually, does the opposite. So one must ask why?
Even many supporters of the Portuguese Gas projects rarely try to defend the outrageously generous terms of Portugal’s gas exploration agreements in public. Instead they rely on the myth that the deal, once done, cannot be changed. Nothing could be further from the truth.
In fact, there is a worldwide trend of governments reclaiming ownership of privatised gas and oil reserves. In 2006 in Russia, the state-owned Gazprom took back control from Shell of the largest integrated oil and gas field in the world, Sakhalin-2, after Shell was accused of breaking environmental laws.
Bolivia nationalised its entire gas industry in 2006. At first, the reactions from the corporations and international markets in both cases were furious, with dire warnings given about how the countries would suffer from lost investment. But these warnings came to nothing: in the end the oil giants simply went along with these changes when they realised there were still enormous profits to be made.
There are many examples of successful nationalised oil and gas industries. Norway is one of the best examples of state-controlled extraction of gas and oil.
Venezuela has begun nationalising the industry within the past few years. Most Venezuelans lived in degrading poverty throughout the 20th century, while enormous revenues from oil and gas went to foreign companies and a tiny Venezuelan elite. The government has redirected oil wealth into public spending, bringing health, education and dignity to the poor.
And Repsol is now embroiled in an expropriation fight with the Argentinian government according to their Consolidated Management Report of 2012. YES! The same Repsol that is involved in our waters, or if not the same "technical" company, at least it is one of the subsidiaries of the group.
Even if Portugal’s gas and oil fields were not nationalised, hundreds of billions of euros could be raised if Portugal took a similar share in its own gas, as has being done in many other countries.
SO WHAT DO YOU THINK?
Are we the Portuguese being robbed blind by our own government? If such unfavourable decisions for Portugal and its people have been made, and we are not benefiting from it, so who in our elite and government is benefiting?
YOU BE THE JUDGE!
If you believe that we need to question this state of affairs PLEASE SIGN THE PETITION "SAY NO TO OIL AND GAS IN THE ALGARVE" http://tinyurl.com/nxqqrg2