While we hopefully won’t be hearing again about Sarah Palin, at least on the national stage, until 2012 (and hopefully not even then), she still continues to be governor of Alaska. and is featured in an article in this month’s Portfolio Magazine. As an aside, Conde Nast’s Portfolio Magazine is equivalent to the Vanity Fair of finance publications.  I enjoy reading it because, while it’s not as hard-core as The Economist or The Wall Street Journal it also is more entertaining.

The article focuses upon the natural gas pipelines, actually two of them, that are being built–one by the oil/gas companies themselves, the other by the pipeline builder but without cooperation from the actual suppliers of the gas–you know, the companies that would fill up the 2,000 mile long pipe with the actual revenue-generating substance.  Guess which one Palin backs? You got it, the one that Alaska has paid $500,000,000 to do a feasibility study for, but which lacks cooperation from any of the big 3 oil/gas companies.  Meanwhile, the big 3 oil companies are moving forward with plans for their own pipeline.

Palin claims that she has stared the oil companies down and is moving forward with the $40B (yes that’s $40 BILLION with a ‘B’) pipeline, yet the article indicates that she is living in a reality distortion field, because in interviews she claimed that the pipeline was underway, and yet it is not even close to being designed, much less built.

You can read the article at [1] this URL.