Curt Rosengren ~ Passion Catalyst TM
"Love your work. Change your world."
In another indication of the momentum building behind alternative energy development, T. Boone Pickens, a man who made his billions in the oil biz, recently voiced his support for alternative energy.
...Pickens, who heads the $4 billion BP Capital Management hedge fund, also voiced some support for alternative energy development, saying a half-trillion dollars a year is leaving the United States economy to buy oil.
Pickens said solar power technology is "almost there," and there could be "corridors" of wind power developed from Texas through the Great Plains and west to California.
...Economist Glen Langan told BloggingStocks Thursday, Boone Pickens's support for alternative energy sources will help build the case for energy diversification in the United States.
"T. Boone Pickens's support is important in that oil industry players, not just non-oil energy companies, will begin or expand alternative energy source research and development," Langan said. "Granted, leadership support doesn't carry as much weight when oil is at $30 or $40 per barrel, but it does now, given what we know $100 oil can do the U.S. economy and U.S. wealth."