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T. Boone Pickens Lowers The Sails On Wind

July 21st, 2009 by Damon Clifford

Last week, T. Boone Pickens announced he was selling 667 Wind Turbines.

Due to the economy and drop in oil prices it’s just not economical to develop wind farms in the Texas panhandle. The wind energy market has lost a lot of it’s luster considering it can be much more expensive than traditional energy sources such as oil and with the price per barrel of oil dropping below $70 there’s just not as much interest putting together a wind energy project.

The economics of alternative energy will be the driving force of innovation and technology. As long as the prices stay low, there won’t be much advancement in the alternative energy sector, but as oil prices increase, you will see many more technologies and innovation coming from alternative energy sources.

T. Boone Pickens Sells Wind Turbines

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This entry was posted on Tuesday, July 21st, 2009 at 10:36 pm and is filed under Wind Power. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “T. Boone Pickens Lowers The Sails On Wind”

  1. BillNo Gravatar Says:
    July 22nd, 2009 at 9:51 am

    I was shocked when Pickens announced the sale of all those windmills. It goes to show you how much economics drive energy production and that the environment takes a back seat to profits. We should not wait until prices are sky high, or our average planet temperature is 200 degrees, to expand alternative energy.