Pickens wants more emphasis on alternative energy - KSWO 7News | Breaking News, Weather and Sports

Pickens wants more emphasis on alternative energy

Houston_Texas oilman and Oklahoma native T. Boone Pickens says he'll fund a multimedia advertising campaign to focus the nation's attention on its dependence on foreign oil. Pickens calls it the single biggest crisis facing the country today.

The former Wildcatter, who now heads the Dallas-based hedge fund BP Capital Management LP, outlined his concerns and potential solutions at a news conference in New York.  Pickens wants to bring energy to the forefront of the presidential campaign.

His plan calls for private investment in power generation from renewable energy resources such as wind and using the nation's abundant supplies of natural gas.  Last year, Pickens announced plans to build the world's largest wind farm in Texas. The cost of the project could grow to $12 billion before its scheduled completion in 2014.

Copyright 2008 by the Associated Press. All rights reserved.

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