Posted on 07/08/2009 11:32:00 AM PDT by 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.
(Excerpt) Read more at cnbc.com ...
“Yeah...That’s the ticket!” Its DELAYED...
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.
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.
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.
Yep, he’s just looking for someone else to pay most of the costs.
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.
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.
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.
What’s a matter, Boone...couldn’t find enough suckers??!!
Wow! ...finally, something prettier to look at in the Texas Panhandle! ;-)
Oh, OK.
Ole T. Boone, if ever there was a used car salesman, he is it.
I know, I am sick of looking at them.
T. Boone Pickens sells natural gas.
The ‘wind farms’ were a stalking horse. As has been shown so many times before, wind power as a source of power generation is spotty and unreliable, so the idea was to maintain a number of ‘backup’ natural-gas powered electric generation plants. These could be put on-line almost instanteously, as the wind-power output slackened, and cut away when the wind power was blowing up its fitful best.
As it is, the building out of natural-gas powered electric generation plants would be disallowed under the new ‘crap and break’ rules under this carbon-trading scheme, if they were to be built WITHOUT the wind plants. But this is a fine suspenders-and-belt solution, to get past the bright-eyed new inspectors of the ‘carbon orthodoxy’ theology that passes for ‘settled science’ these days.
See this link for how wind farms mess up weather radar.
http://www.freerepublic.com/focus/f-news/2287639/posts
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