Pickens Says Wind Farm Delayed, Not Cancelled

CNBC ^ | 7/8/2009 | Staff

[Red in Blue PA]

Texas oil billionaire T. Boone Pickens said on Wednesday said he has delayed his plans to build the world's largest wind farm in the Texas Panhandle, due to financing problems.

AP Boone Pickens --------------------------------------------------------------------------------

"I didn't cancel it," Pickens said after a press conference on Capitol Hill. "Financing is tough right now and so it's going to be delayed a year or two."

Reports on Tuesday said that Pickens had scrapped plans for the the wind farm.

Pickens' company, Mesa Power, has already purchased over 600 wind turbines able to produce 1,000 megawatts of electricity for the first phase of the project, expected to cost about $2 billion.

[Red in Blue PA]

He probably got a call from Obama about some stimulus $$$$.

[MNlurker]

“Yeah...That’s the ticket!” Its DELAYED...

[E. Pluribus Unum]

NASA's post-Apollo visits to the moon were 'delayed,' too.

[SJSAMPLE]

Con artist.

His plan only works if the government seizes capital from the rest of us, at the barrel of a gun.

I hope it puts him in his grave.

[kittymyrib]

If we could just harness the hot air from Boone, we’d have all the cheap energy we’d need.
He’s all for cap and tax because he hopes the stooges in D.C. will pay his considerable debt for him.

[Oldeconomybuyer]

These ‘shovel ready’ feel good projects are a bunch of manure.

[neocon1984]

Pickens' company, Mesa Power, has already purchased over 600 wind turbines able to produce 1,000 megawatts of electricity for the first phase of the project, expected to cost about $2 billion.

Hmmm. Just wild speculation here. Do ya think that potential investors are scared off by the possibility of losing thier shirts? - unless rescued by the taxpayers.

[Cheetahcat]

Yeah thats it everything is delayed! When I saw this ass on national television claiming we have No oil!! Right then I knew all I needed and wanted to know about this Money grubbing Buffoon.

[3niner]

Yep, he’s just looking for someone else to pay most of the costs.

[Presbyterian Reporter]

The project has been delayed until T Boone gets an earmark to pay for his infrastructure costs and, of course, a little higher subsidy would not hurt.

If any of these supposed green energy projects made economic sense they would have been implemented a long time ago.

[SeaHawkFan]

I was on a flight last year and seated next to a rep for a wind turbine co. He admitted that if not for tax benefits and subsidies, there would be no wind power industry in the US.

[MarineBrat]

West Texas doesn’t have the power grid in place to get the energy out of there. When the wind is howling they’re scrambling to get rid of energy.

[Zathras]

QUITTER!
That was fun.

[wolfcreek]

Texas already leads the nation in wind power production. There's a company here in Williamson county that builds the turbines and you can see them going up all over the western half of Texas into New Mexico.

[Oldpuppymax]

What’s a matter, Boone...couldn’t find enough suckers??!!

[familyop]

Wow! ...finally, something prettier to look at in the Texas Panhandle! ;-)

[YHAOS]

Pickens is advancing in another direction?

Oh, OK.

[Tupelo]

I like T. Boone Pickens, but the wind farm idea is just wrong.
I rode across west Texas back in late May and those beautiful vistas have been ruined by the wind turbines on every ridge out there. Dammit, there is also something called visual pollution and this is it.
I have seen these abominations in northeast Colorado, California and Texas. Folks, there has to be a better way.
NUCLEAR?

[biff]

Ole T. Boone, if ever there was a used car salesman, he is it.

[biff]

I know, I am sick of looking at them.