Irish Times: Securing Ireland’s Energy Supply Over the Next 50 Years

Ireland imports nine tenths of its energy needs – one of the highest rates in Europe – and therefore both price and security of supply of oil and gas matter greatly. Last year few thought that cheaper US shale oil and gas production would have such a dramatic impact on energy prices. But at a time of weak global energy demand, the oil price fell by more than half. However, the immediate benefits from cheaper oil – lower overall prices and the greater spending power for consumers – while welcome, are in Ireland’s case clouded somewhat by larger medium-term worries about security of supply.

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