|T. Boone Pickens Stalls Wind Farm Project|
Dallas Business Journal
November 12, 2008
Texas billionaire T. Boone Pickens is revamping his renewable energy campaign in
light of falling energy prices, the Associated Press reported Wednesday.
According to the AP, Pickens told a crowd gathered at the Edison Electric
Institute convention that part of his reduction in spending on his renewable
energy campaign includes placing his West Texas wind farm project on hold for now.
Pickens says the recent fall in gas prices is responsible for the delay in his
wind farm project in West Texas, the AP reported.
However, Pickens said he expects oil prices will rise again and long-term he
does not see oil providing America all of the energy resources it needs.
Pickens earlier in the year told lawmakers a switch to American-produced energy
resources within the next 10 years is necessary to end the nationís crippling
$700 billion dependence on foreign oil.
Pickens, who revealed his alternative energy plan earlier in the year, also told
the U.S. Senate Homeland Security and Government Affairs Committee that the
United States should be able to produce 22 percent of its electrical energy
needs using wind-powered electricity, based on Department of Energy estimates.
Pickens, at the time, pointed to the Great Plains, which includes parts of West
Texas, as the prime location for producing wind energy resources.