The Nation: Some Relief on the Distant Horizon

A bit of good news flickered last week amid the generally bleak reports of shuttered factories, mass layoffs and shivery households caused by the nation's natural-gas shortage. After more than 19 months of exhaustive hearings, a Federal Power Commission official supported one of three competing proposals to construct a new pipeline that would funnel huge reserves of gas from Alaska's North Slope to the Lower 48 states. The system would outrank the nearly completed Alaskan oil pipeline as one of the biggest private construction projects in history. When completed in five years or...

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