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T. Boone Pickens scraps wind plan
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Friday, January 15, 2010
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From Newsmax:

Famed Texas billionaire T. Boone Pickens is dramatically changing his position on alternative energy.

Pickens spent most of the last two years, and $62 million of his oil investing fortune, on an advertising campaign in which he sought to persuade Americans to adopt his plan for wind-based energy.

The scheme called for a massive expansion of wind energy to displace natural gas, leaving natural gas for use in vehicles, thus displacing foreign oil.

“No American with a television set could escape Mr. Pickens’s argument last year. But somehow...

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Topics: T_Boone_Pickens | Energy | Commodities
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