'Pickens Plan' promotes wind, natural gas |
| MarketWatch - Jul 8, 2008 |
T. Boone Pickens on Tuesday laid out his "Pickens Plan" to reduce American dependence on foreign oil, with the target of cutting demand by more than a third in the next two years.
The colorful Texas billionaire, a former corporate raider and oil man turned hedge-fund manager, said wind power and natural gas could take up the slack as a viable alternative to spending $700 billion a year for foreign oil.
Pickens is building a mammoth wind farm in Sweetwater, Texas, and also launched Clean Energy Fuels, a company that runs natural-gas filling stations for fleet vehicles.
Pickens also said he's lobbying to have the Texas-sized price tag for foreign oil become a central theme of the presidential election between Sens. Barack Obama, D-Ill., and John McCain, R-Ariz.
Read Full Article from MarketWatch
- Posted: 2008-07-08 21:26:29
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
