– The plan relies on a combination of wind power and natural gas to displace a significant amount of petroleum used for transportation. And Pickens has a lot of money tied up in wind and natural gas.
– Pickens’ power company, Mesa Power LLP, is planning a $10 billion wind farm in the Texas Panhandle and has already ordered $2 billion worth of turbines.
– Pickens is majority shareholder of Clean Energy, the largest supplier of natural gas for transportation in America. The company has lost money since 2006 and faces more losses in 2008 as it expands its natural gas fueling infrastructure. Clean Energy has underwritten a California ballot initiative that would boost demand for its product by subsidizing the cost of vehicles that run on natural gas.
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