Change Of Plans For Pickens' Wind Farm

Wednesday, November 12th 2008, 8:13 am
By: News On 6

TEXAS -- Oilman T-Boone Pickens says the collapse in natural gas prices has forced him to put his wind farm project for Texas on hold.

Pickens has leased hundreds of thousands of acres for a giant wind farm in west Texas. Pickens plans to put up 2,700 turbines and produce energy for urban areas.

But Pickens told a Phoenix convention he's freezing the project until prices and the economy rebound.

Pickens has traveled the country touting his wind energy solution to our dependence on foreign oil.

And he also hasn't been shy about the billion dollars he said he's lost since oil and gas prices started falling.

Related story:

10/26/2008  Pickens Talks Energy On 60 Minutes