Former Oilman T. Boone Pickens Makes a $2 Billion Bet
on Alternative Wind Energy

post from Jutia GroupJutia Group on 16 May 2008 01:43:46 PM. © Jutia GroupJutia Group

T. Boone Pickens made his fortune in oil. But now the Dallas oilman and famed former corporate raider is betting $2 billion that he can have the same success with a new source of energy - wind.

Pickens? Mesa Power LLP yesterday (Thursday) unveiled the first phase of an eventual $10 billion alternative energy project that has the potential to become the world?s largest wind farm.

“You find an oilfield, it peaks and starts declining, and you?ve got to find another one to replace it,” Pickens, who once operated one of the largest independent oil-and-gas production companies in the country, said of…

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