Texas magnate says foreign oil is 'killing' the economy; invested $2 billion in plan to build world's largest wind farm.
Texas oil man T. Boone Pickens Tuesday unveiled a new energy plan he says will decrease the United States' dependency on foreign oil by more than one-third and help shift American energy
production toward renewable natural resources like wind power.
In a news conference outlining his proposal, Pickens said his impetus for the plan is the country's dangerous reliance on foreign oil. "Our dependence on imported oil is killing our economy. It is the single biggest problem facing America today," he said.
"The Pickens Plan" calls for investing in domestic renewable resources such as wind, and switching from oil to natural gas as a transportation fuel.
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