Thomas C. Foley, who's US Ambassador to Ireland recently said this:

"If I came up to you and said I knew how to get Ireland 20 per cent of the way toward its alternative energy goals, make it a world leader in an important emerging technology and create 10,000 or more new, high-value added jobs, you would probably be sceptical. But if I convinced you it was true, you would say "Let's get started!"

No less of an opportunity exists for Ireland with ocean energy. Ireland's high latitude, extensive coastline, position in the Atlantic, proximity to the continent of Europe, and admirable and ambitious alternative energy goals provide a unique advantage for the development of ocean energy.

The same isn't true of wind, hydro, geothermal, solar or nuclear energy, where other parts of the globe have advantages over Ireland.

Ireland's opportunity in ocean energy is the economic equivalent of having a horse at the track with a one-furlong advantage at the start - you would feel comfortable placing a big bet on that horse knowing you are almost sure to win.

You can read the rest of this enthusiastic article in the Irish Times.