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Article: The Pickens Plan; Oil-and-gas tycoon sets sights on alternatives, trying to sell the merits of wind and natural gas.(Energy)
- Article from:
- Investment Dealers' Digest
- Article date:
- October 27, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gerelyn Terzo
Energy mogul Boone Pickens recently visited New York to rally more support for his renewable energy initiative dubbed the Pickens Plan. It's a blueprint designed to curb US dependence on foreign oil-now pegged at 70% of our consumption-by 38% even in the face of declining crude prices.
More than 500 wind developers, attorneys, analysts and investment bankers packed the seats of the New York Hilton Hotel at a green-energy summit hosted by law firm Chadbourne and Parke. They came to hear Pickens justify his $10 billion to $12 billion renewable energy plan.
Pickens claims the US can reduce its dependence on foreign sources of ...