Pickens Calls Off Massive Wind Farm In Texas

schwit1 writes with this excerpt from an AP report: "Plans for the world's largest wind farm in the Texas Panhandle have been scrapped, energy baron T. Boone Pickens said Tuesday, and he's looking for a home for 687 giant wind turbines. Pickens has already ordered the turbines, which can stand 400 feet tall — taller than most 30-story buildings. 'When I start receiving those turbines, I've got to ... like I said, my garage won't hold them,' the legendary Texas oilman said. 'They've got to go someplace.' Pickens' company Mesa Power ordered the turbines from General Electric Co. — a $2 billion investment — a little more than a year ago. Pickens said he has leases on about 200,000 acres in Texas that were planned for the project, and he might place some of the turbines there, but he's also looking for smaller wind projects to participate in."

Comments

And the steps...

[ducomputergeek]

Step 1: Reduce Refining Capacity through by-outs
Step 2: Send out pundits to claim how high oil prices will go
Step 3: Get price of oil/gas high enough that alternate energy starts to become profitable
Step 4: Get people to invest lots of money on said technologies.
Step 5: ????
Step 6: Let the oil bubble burst and take the alternative energy markets with it.

I'm not sure where profit goes in there, but this also happened in the late 1970's through early 1980's. Right when other means of fuel production came online and people had invested a lot of money in the new technologies, the price of oil suddenly dropped causing the alternatives to quickly go broke and effectively stifle competition for the next couple decades.

Funny about that history not repeating itself, but sure does rhyme thing.

This was told to me by a retired GM executive and friend of the family back in 2006/2007 when the price of oil kept going up. He even gave a prediction of that the price of oil would fall around 2008/2009 and when it did, any interest in alternate fuels would go with it. Seems like he may have known something.

Re:Good.

[JSBiff]

Parent is right. PBS has a decent interview which talks about this in language most people should be able to understand. The person being interviewed was the head of a project called the Integral Fast Reactor which was a new approach to recycling the 'waste'. Apparently the project was extremely successful in just about all of its goals (one of which was a focus on creating a new generation of significantly safer nuclear reactors), then canceled at the 11th hour by the Clinton administration in order to win brownie points with anti-nuclear factions of the Democratic party.

Re:A fool and his money are some party

[Anonymous Coward]

There IS more to it...WATER and his newly-granted powers of Eminent Domain!

http://www.lubbockonline.com/stories/071008/loc_302185743.shtml
http://www.junkscience.com/ByTheJunkman/20080731.html
http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/T_Boone_Pickens_wants_your_water.html
http://seekingalpha.com/article/24410-t-boone-pickens-invests-in-water-should-you

Turbines en route

[Ponga]

I live is Southern AZ where Interstate 10 runs and a road which I am driving on often. Over the last few months I've noticed a steady flow of "oversize load"s on the freeway that contain rather large wind turbine components heading eastbound, presumably heading to TX from somewhere in CA. Perhaps these are Mr. Pickens, but who knows. Bottom line is there sure have been a lot of these steadily flowing through AZ...

I'll probably be alone on this

[HangingChad]

I think a rather significant portion of his plan was that some government entity, be it Texas or the USA, would get behind it and pony up the money necessary to get the power to a distribution system.

I'm not sure that would have been such a bad idea. Here's someone putting his own money where his mouth is on national energy policy and dependence on foreign oil.

Seems like the collective "we" could have ponied up a little support as part of the Smart Grid upgrade. It fits many of the qualification for a stimulus project. Green jobs, alternative energy, Smart Grid, local jobs and it's shovel ready.

I'm not saying it was smart, only that it does seem to line up with our national priorities and why would helping out with the grid upgrade been such a bad idea? There have been public/private partnerships in other areas, why not this one?