Consumer Energy Report is now Energy Trends Insider -- Read More »

By Samuel R. Avro on Nov 28, 2008 with no responses

Pickens: Renewable Energy Sources a Must for US


Billionaire energy magnate T. Boone Pickens has been campaining for America to wean itself off of its dependance upon foreign oil. The 80-year-old Texas oil man has been speaking out publicly on wind, solar and other renewable energy sources.

He also believes that it isn’t strange for an individual who made astronomical sums in the oil industry to be promoting alternative energy.  As he prepared to address a conference in Oklahama on wind-generated power, Pickens discussed why both the oil and alternative energy industries are intertwined.

“It’s not totally unrelated to the oil business,” Pickens told The Associated Press. “It’s an energy business. It’s easy for me to make the transition to wind. If we hadn’t had such a tough year in the market, we were looking seriously at a couple of solar ideas.”

He has already made plans to build 2,700 wind turbines on hundreds of thousands of acres that he’s leased in the Texas Panhandle. The global financial crisis has pushed the schedule of those plans back by a year, but it’s still scheduled to go forward by 2011.

Pickens has already been in touch with the key personnel of President-elect Barack Obama’s incoming administration including U.S. Rep. Rahm Emanuel, D-Ill. — who will be the chief of staff for President-elect Barack Obama — and Rep. Henry Waxman, D-Calif., the new chairman of the House Energy and Commerce Committee.

Visit The Pickens Plan