Wind Deal News Today

Countrys dependence on foreign oil. joining us it the man with a plan, ledge endary energy executive t. boone pickens ha e have, mr. pickens welcome back to "fox news sunday." >> thanks, chris. >> chris: the last time that many of us heard from you about energy was four years ago when you were pushing a major national investment in wind power. here is what you said then. >> americas is blessed with one of the best wind corridors in the world. using private investment in technology that already e...

Countrys dependence on foreign oil. joining us it the man with a plan, ledge endary energy executive t. boone pickens ha e have, mr. pickens welcome back to "fox news sunday." >> thanks, chris. >> chris: the last time that many of us heard from you about energy was four years ago when you were pushing a major national investment in wind power. here is what you said then. >> americas is blessed with one of the best wind corridors in the world. using private investment in technology that already e...

Can be done to reduce our countrys dependence on foreign oil. joining us it the man with a plan, ledge endary energy executive t. boone pickens ha e have, mr. pickens welcome back to "fox news sunday." >> thanks, chris. >> chris: the last time that many of us heard from you about energy was four years ago when you were pushing a major national investment in wind power. here is what you said then. >> americas is blessed with one of the best wind corridors in the world. using private investment in...

That is 30 percent cleaner. and a fraction of the cost of oil. one mcf is $4, and that is equivalent to seven gallons of diesel. >>neil: why arent we going after natural gas? >>guest: the legal -- the leadership is not going in that direction but natural gas is four times that in the middle east and three times in europe. >>neil: and solar? >>guest: too expensive. im for wind and solar but too expensive. wind is priced on the margin, the margin is natural gas for power generation and natural gas...

By 2035. you can accomplish that by a rule that would require the utility industry to begin to buy solar and wind and other sources. >> bill: here is the problem. if you make a rule like that that the utility companies have to buy my and your utility rites rates will go through the roof. a man was in my office i have to get out of wind deal i cant market it. its too complicated. this is t. boone pickens, its not going to work. that is the problem. >> maybe one of the reasons its not working for ...

By 2035. you can accomplish that by a rule that would require the utility industry to begin to buy solar and wind and other sources. >> bill: here is the problem. if you make a rule like that that the utility companies have to buy my and your utility rites rates will go through the roof. a man was in my office i have to get out of wind deal i cant market it. its too complicated. this is t. boone pickens, its not going to work. that is the problem. >> maybe one of the reasons its not working for ...

By 2035. you can accomplish that by a rule that would require the utility industry to begin to buy solar and wind and other sources. >> bill: here is the problem. if you make a rule like that that the utility companies have to buy my and your utility rites rates will go through the roof. a man was in my office i have to get out of wind deal i cant market it. its too complicated. this is t. boone pickens, its not going to work. that is the problem. >> maybe one of the reasons its not working for ...

East coast or the west coast of the united states. am i for that? yes, im for anything american. i want to get off opec oil. but i do see maybe an opportunity here that the natural gas act, which is a part of the kerry/lieberman bill, that it can go stand alone at this point, because that will truly reduce dependency on opec oil. so, if we could get that initiated, that would be great. but -- >> are you going to get the money you need for wind power? >> you know, wind power, joe, s is -- people ...

And that -- some changes have occurred since then, and, of course, i was going for the renewables, wind and solar, and i was also -- i wanted to use natural gas for transportation fuel. so, lets look at today where we are. thats two years ago. >> yep. >> and what do we have? we got a natural gas price of $4. and wind is priced off the margin. and the margin is natural gas for power generation. so, it wont work at $4, so its hard to do a wind deal. >> yeah. >> but, the wind was not going to take ...

>> beyond natural gas? >> yeah. were going to come back for natural gas. >> okay. i came out in july of 08 and the renewables were, of course, wind and solar. i put my money up on wind. hasnt paid off. but thats okay. i mean i take chances and sometimes i hit and sometimes i miss. i havent totally missed on the wind. the wind is going to happen. but you cant work the wind until you have a higher price for natural gas. because power generation is based off the margin. natural gas is the margin. a...