Wednesday, November 12, 2008

Delayed Pickens

Before this election was decided, a man by the name of T. Boone Pickens rose through the chatter with a real plan and REAL money to solve the energy crisis.

While the politicians talked about change, billionaire oilman T. Boone Pickens WAS the change.

During the campaign season, Pickens blasted the airwaves with commercial after commercial citing his plan to build wind farms, which will produce 20 percent of our nation's electricity and allow us to use natural gas as a transportation fuel. His plan claims to replace more than one-third of the foreign oil imports within 10 years.

But recent reports reveal Pickens is delaying his massive Texas wind project, citing a drop in natural gas prices and tightening credit market.

This should only be a temporary setback.

Pickens' wind farm in Texas, known as the Pampa Wind Project, was slated to be the largest wind farm in the world. Generating 4,000 megawatts of electricity, it is enough to power 1.3 million homes.

A spokesman for Pickens said turbines for the first phase of the project, 1,000 megawatts of power, are still being purchased. The first phase was slated to come online in 2011, but now it is no longer clear when this will happen.

Pickens = a patriot. Although you do have to give some credit to his gargantuan bank account.

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