Common Eco Sense

After spending millions marketing his “Pickens Plan” to ease domestic dependence on foreign oil, T. Boone Pickens has scrapped his project to build the world’s largest wind farm in the Texas panhandle.

Tight credit markets and competition from cheap natural gas proved too much for Pickens to move forward with the renewable venture he once estimated could produce 4,000 megawatts of power by 2014.

Natural gas prices have fallen about 70 percent from last year’s high, according to an article in The Wall Street Journal, while trade groups have predicted solar panel and turbine installations will decline 30 to 50 percent.

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