- Sep 26, 2000
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http://money.cnn.com/2008/11/1...nomy/pickens/index.htm
Pickens' wind plan hits a snag
Credit crunch and falling natural gas prices delay plans for giant Texas farm
Billionaire oilman T. Boone Pickens is delaying his massive Texas wind project, citing a drop in natural gas prices and the tightening credit market.
"With natural gas prices where they are, you can't kick off a wind project, you're not economical." Pickens said Tuesday at a news conference in Arizona.
So, I guess when I posted that the fall in energy prices would actually be a bad thing in the long run in that it will postpone or cancel newer energy development, I was right.
Thanks, T.
Pickens' wind plan hits a snag
Credit crunch and falling natural gas prices delay plans for giant Texas farm
Billionaire oilman T. Boone Pickens is delaying his massive Texas wind project, citing a drop in natural gas prices and the tightening credit market.
"With natural gas prices where they are, you can't kick off a wind project, you're not economical." Pickens said Tuesday at a news conference in Arizona.
So, I guess when I posted that the fall in energy prices would actually be a bad thing in the long run in that it will postpone or cancel newer energy development, I was right.
Thanks, T.