Remember the natural gas pipeline that played such a big role in Sarah Palin’s acceptance speech? The one God himself blessed? One of the few actual accomplishments on her resume?

Turns out not so much:

The pipeline exists only on paper. The first section has yet to be laid, federal approvals are years away and the pipeline will not be completed for at least a decade. In fact, although it is the centerpiece of Ms. Palin’s relatively brief record as governor, the pipeline might never be built, and under a worst-case scenario, the state could lose up to $500 million it committed to defray regulatory and other costs.