Oil Billionaire invests in Renewable Energy


	Oil Billionaire invests in Renewable Energy

Naomi-K

5-24-2008 2:24 AM

148 views

tags:

renewable energy, fossil fuels

Naomi-K says:

$600 billion a year is a pretty significant investment in imported fuel. Renewable energy provides jobs, and gives more stability, less dependence on foreign fuel

Add a Comment

Login to Comment. Not a member yet? Sign up

small scale hydroeletric

A $45T Clean Energy Revolution

GreenPix - Zero Energy - Trippy Solar Med...

Mayor Bloomberg advocating alternative ene...

Germany's Small Town Power Solution

Energy Alternatives Made In Damp Germany

More clips from Naomi-K

Solar Desert Land Grab

Words of Wisdom for First Time Parents

Solar Energy in India and the Rise of Glob...

Today's Top Clips

visit the Top Clips page

View the Top Clips from May 24, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9c9b5f73-29bf-4772-a58b-c20a4be80972/9874A89E-80D3-4EAD-9FBA-35803D138FFA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cnn.com/2008/US/05/19/pickens.qa/index.html?iref=mpstoryview" href="http://www.cnn.com/2008/US/05/19/pickens.qa/index.html?iref=mpstoryview" style="font-size: 11px;">www.cnn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cnn.com/2008/US/05/19/pickens.qa/index.html?iref=mpstoryview"><P> <B>(CNN)</B> -- Billionaire oilman T. Boone Pickens is sinking billions of dollars into a new wind farm in Texas. It is likely to become the biggest in the world, producing enough power for the equivalent of 1.3 million homes. CNN's Ali Velshi asked the oil legend why he thinks wind could be the answer to this country's energy problems:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cnn.com/2008/US/05/19/pickens.qa/index.html?iref=mpstoryview"><P>   <B>Pickens:</B> The <A class="cnnInlineTopic" href="http://topics.cnn.com/topics/U_S_Department_of_Energy">Department of Energy</A> came out with a study in April of '07 that said we could generate 20 percent of our electricity from wind. And the wind power is -- you know, it's clean, it's renewable. It's -- you know, it's everything you want. And it's a stable supply of energy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cnn.com/2008/US/05/19/pickens.qa/index.html?iref=mpstoryview"><P> A turbine will generate somewhere around 20,000 [dollars] a year in royalty income. And on a 640-acre tract, you can put five to 10 of these on the tract. And you don't have to have them if you don't want them.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cnn.com/2008/US/05/19/pickens.qa/index.html?iref=mpstoryview"><P class="cnnInline"> But we are going to have to do something different in America. You can't keep paying out $600 billion a year for oil.
</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9874A89E-80D3-4EAD-9FBA-35803D138FFA/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Blog; Copyright; Privacy; EULA

Search Options

Related Clips

More clips from Naomi-K

Today's Top Clips