Apex Resources Inc (SLMLF)

[fishin100]

“The Smell of Money"
7-Sep-11

There is no environmental minister on earth who can stop the oil from coming out of the sand, because the money is too big.
—Stéphane Dion, former Canadian Federal Minister of Environment

This is ground zero of tar sands development and about as soaked in contradiction as could be expected from what has been coined the largest industrial project in human history.

Whether or not we are actually at the summit of Hubbert’s Peak—that peak oil moment— whether or not the oil-price bubble finally bursts, what we are probably witnessing is the largest transfer of wealth in modern history.
—Mike Davis

The world consumes 86 million barrels of oil a day—over a billion barrels every 12 days. But very few new oil deposits have been found. For every barrel of oil we now discover, we consume approximately six. The connection between peak oil, climate change, and the oil rush in Alberta is undeniable.

http://www.revolutionbythebook.akpress.org/the-smell-of-money-albertas-tar-sands/


The Tar Sands Connection
The Mackenzie Gas Pipeline also has a strong link to the Tar Sands in the province of Alberta.
The Mackenzie Gas Pipeline would fuel the Tar Sands project.

http://www.interboreal.org/index.php?option=com_content&task=view&id=93&Itemid=193


"all of the Mackenzie Valley gas could be consumed"

The Oil Sands of Canada – Part 2
June, 2011
After Almost a Century of R&D, the Oil Sands Time Has Come
A Wall of Cash Flow

The most significant issue for oil sands developers will be access to qualifiedlabour; many oil sands and other projects, including major pipelines, are expected to be under construction at the same time.

Another issue will be the amount of natural gas required to extract and upgradethe bitumen.Currently the oil sands consume approximately 500 mmcf/d of natural gas; if all projects were to go ahead as planned, gas use could grow to over 2.3 bcf/dby 2020. At this rate, all of the planned output of the Mackenzie Valley gaspipeline could be consumed, plus the unconventional reserves in NortheasternB.C.

http://www.scribd.com/doc/59554522/06-TheOilSandsofCanada-Part2-June2011


Tar Sands operations currently use about .6 billion cubic feet of natural gas a day. By 2012, that level could rise to 2 billion cubic feet a day – more than all the gas available from the Mackenzie Gas Project. At the NWT-Alberta border, the Mackenzie Gas Pipeline would connect to a TransCanada pipeline, which would carry the gas onward to feed oil extraction in Alberta’s Tar Sands.

http://www.borealbirds.org/tarsands.shtml


1975 - Business & Economics
Canada's Energy Crisis
The Mackenzie Valley Pipeline and the Alberta Oil Sands
http://books.google.ca/books?id=d_BzKIQtYAYC&pg=PA99&lpg=PA99&dq=mackenzie+pipeline+ALBERTA+OIL+SANDS&source=bl&ots=dlNbm5-QnR&sig=a-GpgjYqoDBzocV7hlpbr0NQlV8&hl=en&ei=vbdnTsK9L6ja0QGytZyKDA&sa=X&oi=book_result&ct=result&resnum=2&ved=0CCUQ6AEwATgU

It's always been the plan, IMO - "It's Coming!"