Latest T. Boone Pickens Stories
By Jasen Lee Deseret News Billionaire businessman T. Boone Pickens, who made much of his fortune in oil, plans to visit Utah today to tout his strategies for alternative energy development. Pickens, founder of the hedge fund BP Capital Management, is conducting a town hall meeting at 5 p.m. at the Salt Palace Convention Center to promote his Pickens Plan, which encourages the use of alternatives to oil, including natural gas, wind and solar power. The event is the ninth town-hall meeting in...
By STACI MATLOCK Oil tycoon promotes energy ideas he believes will save America By Staci Matlock The New Mexican T. Boone Pickens -- the maverick Texas oil billionaire and funder of the Swift Boat ad campaign against former presidential candidate John Kerry -- has a plan to save the United States. Pickens, 80, believes wind and natural gas are the answer to America's energy problems and dependence on foreign oil. The Pickens Plan hinges on two factors: Federal financial support for...
By PATTI WEAVER STILLWATER -- Texas billionaire Boone Pickens said Friday that he knows he's getting through to the public about how to reduce the country's dependence on foreign oil because he's had more than 5 million visits to his Web site. And Pickens, a 1951 graduate of Oklahoma State University's geology program who's given $400 million to his alma mater, is putting his money where his mouth is on energy issues. He said he's spending $44 million to advertise the Pickens Plan, which...
Who would have guessed that billionaire oilman T. Boone Pickens and Sierra Club executive director Carl Pope would ever see eye to eye? That seems to be what happened last week in Denver, when these strange bedfellows agreed that the Pickens Plan for energy development was a good idea. Pickens is calling for huge increases in investment and production of wind power, as well as using American natural gas during the transition period. Pickens and Pope concur on the inadvisability of offshore...
By Copyright 2008 Albuquerque Journal By John Fleck Journal Staff Writer The wind blowing across the plains of eastern New Mexico is like a vast oil field, a supply of energy just waiting to be tapped. What we lack is the power lines to get it to the people whose computers and flat panel TVs await -- the vast growing energy sinks of Phoenix, Las Vegas and L.A. Into that brink has stepped Texas oilman T. Boone Pickens, with a national campaign to use wind power from middle America,...
By Journal Staff Report Former oil and gas developer T. Boone Pickens will visit Albuquerque on Wednesday to discuss the Pickens Plan, his proposed solution for ending the United States' dependence on foreign oil. Pickens, who was an oil and gas developer for 50 years, has been holding town hall meetings to discuss his plan. It calls for investing in alternative power sources like wind and natural gas, according to a press release. The free meeting will be at 10:30 a.m. at the Convention...
By Tapan Munroe When billionaire Texas oilman, T. Boone Pickens, talks about the role of wind power in our energy future, I listen. His concern about our energy predicament is a patriotic one. He is very concerned about the huge transfer of wealth ($700 billion a year) from the U.S. to the oil exporting countries to satisfy our addiction to oil. His concern is: "We are on the verge of losing our superpower status". He has embarked on a Texas size ($58 million) public policy campaign to...
Have you noticed that the folks who advocate ending our dependence on foreign oil call for unfettered drilling and more nuclear power? The truth is that less than 2 percent of our electricity comes from oil. More nuclear power will do nothing to end our reliance on foreign oil. Unfortunately, the nuclear lobbyists want us stupid. A few weeks back, a wind farm generating 2,000 megawatts of power went online out west. That's the equivalent of two Seabrook Station nuke plants. It was put up...
Oil man T. Boone Pickens' plan to boost renewable energy sources to curb U.S. oil dependence is unrealistic, some energy experts say. The San Francisco Chronicle reported Monday that Pickens' plan would substitute one expensive fossil fuel for another -- oil for natural gas. Among other things, Pickens wants to generate at least 20 percent of the nation's electricity from windmills and take the natural gas that would have been burned power plants and instead use it to fuel cars and trucks....
By Clifford Krauss The best deal on fuel in the United States right now might be here in Utah, where people are waiting in lines to pay the equivalent of 87 cents a gallon. Demand is so strong at rush hour that fuel runs low, and some days people can pump only half a tank. It is not gasoline they are buying for their cars, but natural gas. By an odd confluence of public policy and private initiative, Utah has become the first state in the country to experience broad consumer interest in...
