text: The story the news media should have been reporting all along was that Veresen NEVER had the money to complete this project.  Our screwed-up permit system allows speculators to victimize whole communities and landowners.  We should not  allow anyone to seek permits involving eminent domain till they prove they have the funds to build.  Veresen thought they'd get everything in place and then sell the whole thing to China.  Well China decided to cut a huge deal and have already started building their pipeline to Russia.  Putin gets the last laugh on all the politicians here that thought a west coast terminal would stop that from happening.  The local politicians think that family wage jobs trump the environment, health, safety, and landowners rights.  That is just plain foolish.  It's not why FERC shot down the permit, but it should have been.  Clean water, air, and climate change should have been the reason, but most of all the reason should have been the earthquake/tsunami zone!