Thursday, May 22, 2008

A Big Oil Billionair that Supports Wind Energy?



So there is this billionaire oil man named T. Boone Pickens says he supports wind energy. He is investing millions of dollars to make a new wind farm in Texas. It is said to likely become the biggest wind farm in the world, making enough a power for 1.3 billion homes. T. Boone Pickens says he supports wind energy because it's renewable and is a good start for an alternative source of energy instead of oil. The location is in the central part of the United States well be the best location from a safety standpoint. Pickens says we need to get "caught" up with our neighbors like Spain and Germany as far as wind. I mean who wants to spend $600 billion a year for oil?

I agree with Pickens on the fact that we do need another source of energy, but I wonder if he is doing this just to make more money. Research says that one turbine well generate 20,000 dollars a year in royalty income, and on a plot of land with 640 acres you can put about ten turbines so you do the math that's about 200,000 more dollars a year in income for Pickens.

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