Pickens Delays Wind Farm Due To Cheaper Energy

12/13/2008 05:12 am ET | Updated May 25, 2011
  • Kate Galbraith Green Inc.

T. Boone Pickens is delaying his plans to build the world's largest wind farm, according to The Arizona Republic, which cited his remarks at a conference on Tuesday in Phoenix.

The Texas oilman, who has created a stir by his endorsement of wind power as part of a national strategy to reduce dependence on foreign oil, cited the fall in natural gas prices, a competing source of electricity generation, as a deterrent.

Mr. Pickens insisted that wind remained part of a national strategy, however, and predicted that energy prices would go back up.

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