Tuesday, December 21, 2010

WSJ: A Wind Power Boonedoggle

T. Boone Pickens badly misjudged the supply and price of natural gas. WALL STREET JOURNAL/OPINION, 12/22/2010 by Robert Bryce - After 30 months, countless TV appearances, and $80 million spent on an extravagant PR campaign, T. Boone Pickens has finally admitted the obvious: The wind energy business isn't a very good one. ∴ The Dallas-based entrepreneur, who has relentlessly promoted his "Pickens Plan" since July 4, 2008, announced earlier this month that he's abandoning the wind business to focus on natural gas. Read more at WSJ...

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