Many countries have made choices in what natural resources they use and what they hold back like the oil in the Gulf of Mexico. Ireland has made its best of all its resources and being an island with oil off the coast and fertile lands, it is a self sustaining country. Ireland major natural resources are "natural gas, peat, copper, lead, zinc, silver, barite, gypsum, limestone, dolomite" (indexmundie.com). All production on these are still on a rise but the natural gas and oil drilling due to government planning to halt further search for new drilling hot spots for economic reasons and the option to stay "Green" (Earth Friendly).
Ireland has had other issues in why its countries resources are not at large anymore. Due to competition "contracts with foreign companies are preventing us from selling it and transforming us into the Saudi Arabia of Europe" (eirigi.org). This is alarming, seeing how Ireland's oil reserve could clear the national debt. Ireland in past years has had water issues as well with spill offs from agriculture and pollution. These issues seem common though in most countries and they are dealt with.
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great post about Ireland. Its amazing how their oil reserve can clean the whole country's debt, which it would be good for them i guess if they want to stay off debt. good job on the post
ReplyDeleteGood post. I liked that you said that they are going green by not digging the natural resources, which is a smart thing. Our country is so much in trouble when it comes to that. I just found out the other day that Obama legalized whale hunting. Annoying if you asked me.
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