Pipeline, Not Pipe Dream: Credit Palin

It must be sweet vindication for Alaska's governor. Against critics who said her 1,712-mile natural gas pipeline project would never get off the ground, who should the project bag but the "big gorilla" of American energy — Exxon Mobil.

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In a major surprise, Exxon announced Thursday that it had forged a partnership with TransCanada, the Canadian pipeline company that holds the state license for Palin's $126 billion Alaska Gasoline Inducement Act project. It's a big vote of confidence in Palin's top project from a by-the-books company known for its rigid investment standards. More...