August 2011, Vol. 238 No. 8

Editor's Notebook

Editor's Notebook: Northern Light

Sometimes it’s hard to know when bad news is really a blessing in disguise, at least for some. Shell has announced plans to dump its 11.4% stake in the proposed Mackenzie natural gas production and pipeline project, thus dealing another crippling, if not fatal, blow to the long-discussed northern Canada venture. Being that I love pipelines, I was prepared to write another column pillorying the Canadian government and local residents for the continued delays that have seen estimated costs for the 760-mile pipeline escalate from $6 billion in 2000 to $7.5 billion in 2006 to $16.2 billion today. But then I began thinking that maybe this ultimately worked in the industry&#

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