Alaska LNG's $54 Billion Political Pitch Is Its Undoing

President Donald Trump’s announcement on Wednesday that South Korea would invest $54 billion in a giant liquefied natural gas project in Alaska had a touch of the miraculous — as in, wondrous but tangential to reality. On Trump’s reading, Alaska LNG, having been little more than a pipe dream for decades, is now not only getting built, and with foreign money, but also secures its future just ahead of midterm elections by happy coincidence, and in a state with a tight, crucial Senate race, no less