2008-11-13
Pickens Looks for New Government Policy and Higher Oil Prices to Rescue His Wind Plan. By Baden Reddell, Reuters, November 12, 2008. "Billionaire T. Boone Pickens expects to know within 100 days of Barack Obama taking over as president in January whether the U.S. government is going to adopt part of his ambitious and controversial energy plan. The plan calls for an eventual overhaul of the power grid and Pickens is also betting on huge growth in wind power. But he said, as a start, the United States can move toward using natural gas in trucks as well as more renewable power... Pickens has ordered $2 billion worth of wind turbines, and will start receiving them in 2010, but he said wind projects were stalled at the moment because natural gas was so cheap. He expects energy prices to bounce back."
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