... expected THE ECONOMIC IMPACTS FOR IRELAND OF HIGH OIL AND GAS PRICES 15 Ireland s dependence on Oil and Gas future dominance of oil and gas in Ireland s imported fuel mix Ireland is part of a handful ... Siemens Limited Dublin, Ireland July 2010 THE ECONOMIC IMPACTS FOR IRELAND OF HIGH OIL AND GAS PRICES 03 Oil and Gas Prices and their Determinants Chapter Oil and Gas Prices and their Determinants ... effect of the oil price shock on the levels of GDP for the US, UK and Euro Area are shown in Figure The THE ECONOMIC IMPACTS FOR IRELAND OF HIGH OIL AND GAS PRICES 09 Economic and Social Impacts of...