T. Boone Pickens: What, me worry?

March 26, 2009

Billionaire T. Boone Pickens is spending $2 billion on a bunch of windmills and so far has no way to get the electricity they will produce to market. Last December he said he was a touch anxious, but on Wednesday he didn’t seem worried at all.

Pickens is pretty sure President Barack Obama will get some new power lines built to those plains in the Texas panhandle, but if need be, the oil-man-turned-renewable-energy-advocate will take his toys elsewhere.

“I’m not going to end up with 687 turbines in my garage. They are going to be sticking up spinning someplace,” he said at a San Francisco stop on his latest tour to drum up support for his plan to use wind power and natural gas-fueled vehicles to wean the Unites States from imported oil.

Pickens expects the price of a barrel of oil to hit $75 by the end of the year as OPEC cuts production, and between that and the desire for energy independence he sees Obama finding a way to get transmission lines built from Texas to markets that need electricity – like California.

One person at the event asked him if he could end up being the “czar” of transmission, production, and more. “Yeah, I’d love it,” the old independent “wildcat” oilman said.

But Pickens is not planning to build transmission lines himself, in part because of financing. “If you’re gonna be the czar of all those things you mentioned there, you’ve got to have a hell of a lot more money than Boone Pickens has got,” he said.

2 comments

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Dear Mr. Pickens, As, I am part owner of 42 acres I’d like to know if you would be interested in putting serveral of your wind turbines on a few of my acres? Do you rent areas for such? Thank You for your time. Sincerely, Joy Bondy

Posted by joy bondy | Report as abusive

I own 15 acres in Washinton state while I have no natural gas and the land would not support a wind project Eastern Washington is way above average for sunny days but I find it very difficult to navigate my way through the sea of red tape I have the equiptment and the will to build a small scale solar farm but when I constantly hit a wall I fear I haven’t the stomach for all the B.S. that comes with it. My project would only produce 1MW of electricty but I feel many small scale projects like mine is a large piece to the overall puzzle

Posted by Greg | Report as abusive