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country s dependence on foreign oil. joining us it the man with a plan, ledge endary energy executive t. boone pickens ha e have, mr. pickens welcome back to fox news sunday. thanks, chris. chris: the last time that many of us heard from you about energy was four years ago when you were pushing a major national investment in wind power. here is what you said then. america s is blessed with one of the best wind corridors in the world. using private investment in technology that already exists we can supply 20% of our electricity needs. chris: now, you are off wind power. what happened? price. wind is priced off margin. the margin s natural gas. when i made that ad, natural gas was $7. today natural gas is $2.50. you can t finance a wind deal unless you have $6 natural gas. chris: and i just want to
country s dependence on foreign oil. joining us it the man with a plan, ledge endary energy executive t. boone pickens ha e have, mr. pickens welcome back to fox news sunday. thanks, chris. chris: the last time that many of us heard from you about energy was four years ago when you were pushing a major national investment in wind power. here is what you said then. america s is blessed with one of the best wind corridors in the world. using private investment in technology that already exists we can supply 20% of our electricity needs. chris: now, you are off wind power. what happened? price. wind is priced off margin. the margin s natural gas. when i made that ad, natural gas was $7. today natural gas is $2.50. you can t finance a wind deal unless you have $6 natural gas. chris: and i just want to
can be done to reduce our country s dependence on foreign oil. joining us it the man with a plan, ledge endary energy executive t. boone pickens ha e have, mr. pickens welcome back to fox news sunday. thanks, chris. chris: the last time that many of us heard from you about energy was four years ago when you were pushing a major national investment in wind power. here is what you said then. america s is blessed with one of the best wind corridors in the world. using private investment in technology that already exists we can supply 20% of our electricity needs. chris: now, you are off wind power. what happened? price. wind is priced off margin. the margin s natural gas. when i made that ad, natural gas was $7. today natural gas is $2.50. you can t finance a wind deal unless you have $6 natural gas.
that is 30 percent cleaner. and a fraction of the cost of oil. one mcf is $4, and that is equivalent to seven gallons of diesel. neil: why aren t we going after natural gas? guest: the legal the leadership is not going in that direction but natural gas is four times that in the middle east and three times in europe. neil: and solar? guest: too expensive. i m for wind and solar but too expensive. wind is priced on the margin, the margin is natural gas for power generation and natural gas at $4 you cannot finance a wind mill you have to have $6 natural gas to finance a wind deal. neil: energy notwithstanding are we going into another recess?