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Politics : Politics of Energy

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From: Hawkmoon	7/8/2009 9:32:36 PM
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Pickens and his Wind Energy strategy falling apart: "The capital markets have dealt us all a setback and I'm less aggressive with the Panhandle project than I have been," Pickens said in a statement. "Transmission issues and the problem with the capital markets make that unfeasible at this point." He still expects to develop the wind farm eventually, and said he would take delivery of the 667 electricity-producing General Electric Co wind turbines he had ordered. He aims to use those turbines in smaller projects. finance.yahoo.com Again, if Wind Turbines were the "Holy Grail" they are purported to be, there should be no lack of investment capital. However, apparently without major government subsidies, they don't seem to be attracting it. Things that make you go hmm.... Hawk

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