Monday, February 05, 2007

Fact Checking the Fact checkers

In this country I think it would be great to have someone fact check the media. A new group says that they are going to do this. Media Byte. Alas how ever they are not fact checkers they are propagandist. So I will have a look at this article on corrib gas.
the most generous fiscal terms in the world, with no royalties, no state participation, and companies can write off their costs 100% up front.
So we seemingly have the most generous fiscal terms in the world. Might that have to do with the fact that we have one of the worst strike rates for gas in the World with one of the most expensive exploration rates? As for no royalities. Most European countries have no royalties. The Norwegians dropped them a year before we did and the Brits 5 years before we did. No state participation what has that go to do with facts checking or not. As for the companies being able to write off their costs. They can do that as well in many other countries. Like everyones favourite example of petroleum economy Norway.
State benefits will not be accrued until the oil companies begin to pay taxes
That is how most countries make their money from oil such as Norway. I talked about this already here and my sources are there. Most of which are actually sources not just Village clippings.
Shell to Sea' is emphatic enough in it's position. The campaign approves the development of the resource, at sea.
Spending a few paragraphs talk about royalties etc does not really serve your point of saying it is solely about the safety measures.
The Corrib gas project could be worth up to EUR50.4 billion at current market prices.
This estimate was based on a 1998 estimate of the size of the field. Which estimate a size of 6-11 trillion cubic feet. When in fact newer estimates say 1 trillion cubic feet. Or roughly 8 billion or 6 times less then what they say. Surely a media checking blog would check this out. I also note that they use certain news sources to fact check the media. How can you do that. As you are believing that one media source is correct based on pure faith. Hat tip (DL)

3 comments:

Anonymous said...

Well done.Great article, look at the reporting of "Aer lingus new Strategic Partnership" in todays Papers. It simply avoids all facts.

David said...

"Most of which are actually sources not just Village clippings."

References are listed at the end of the article.

"Spending a few paragraphs talk about royalties etc does not really serve your point of saying it is solely about the safety measures."

This is not Shell to Sea's position.

"The Corrib gas project could be worth up to EUR50.4 billion at current market prices.
This estimate was based on a 1998 estimate of the size of the field. Which estimate a size of 6-11 trillion cubic feet. When in fact newer estimates say 1 trillion cubic feet."

See references.

Anonymous said...

If you're going to complain about poor fact-checking you could try getting their name right. It's mediabite not mediabyte. Fact-checking indeed!