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You are here:  Home / Business News / Oil billionaire throws money to the wind

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Oil billionaire throws money to the wind

Published: May 20, 2008 at 2:24 PM
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T. Boone Pickens, philanthropist and founder BP Capital participates in a panel titled "A Conversation with T. Boone Pickens" at the 2008 Milken Institute Global Conference in Beverly Hills on California April 29, 2008. (UPI Photo/Jim Ruymen)
T. Boone Pickens, philanthropist and founder BP Capital participates in a panel titled "A Conversation with T. Boone Pickens" at the 2008 Milken Institute Global Conference in Beverly Hills on California April 29, 2008. (UPI Photo/Jim Ruymen)

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DALLAS, May 20 (UPI) -- Businessman T. Boone Pickens, who made a fortune in the oil business, is turning his focus to wind power, the Texas billionaire said.

Pickens is pouring billions of dollars into a wind farm that could power 1.3 million homes, CNN reported Tuesday.

The business will start with 600 turbines, churning out 1,000 megawatts of power before expanding to 4,000 megawatts, Pickens said in a CNN interview.

Pickens said a wind corridor "from Pampa, Texas, to the Canadian border" was underutilized.

"You know, it's everything you want. And it's a stable supply of energy," he said.

He made his money in oil, but "we are going to have to do something different in America. You can't keep paying out $600 billion a year for oil," he said.



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