ConocoPhillips has announced it is reconsidering how best to build an Alaskan pipeline that would tap almost 35 trillion cubic feet of natural gas. After meeting Sunday with Alaska Gov. Sarah Palin, company officials said they were left "frustrated" by Palin's failure to encourage the company's pipeline proposal. "We've decided to take a step back, reassess our options, and review what is an effective methodology to advance this project," said Brian Wenzel, vice president of the company's North Slope gas development.

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