Famous Oilman Ponies Up Billions for Wind Turbines
Today's WSJ has a story that once again shows the capitalist system pushing in the right direction, despite of the lack of initiative from government. Famous oilman T. Boone Pickens just placed the biggest single order ever of General Electric wind turbines for a planned 4000 megawatt wind farm he is building on the plains of Texas. He ordered 667 of GE's 1.5 megawatt turbines, spending $2 billion on just the first phase of the giant Pampa Wind Project.
People like Pickens hope that the federal tax credits are extended, of course. State-level incentives like the laws that demand a certain percentage of power be clean are helping. But the good thing about capitalists charging down this road is that it shows that it's not for hippies any more, and that clean energy like wind and solar are real answers to the energy conundrum.


