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Legendary Oil Man Invests Heavily In Wind Power

By Justin Gardner | Related entries in Energy, Environment, Gas, Oil

T. Boone Pickens is a guy who has one of those names that sounds made up, but his fortune is very real. Now he’s diversifying his portfolio with green energy tech.

Here’s more from Contrarian Profits:

Crude oil soared as high as US$135 a barrel last week – more than double the price of a year ago. But big oil firms like ExxonMobil WILL NOT be cashing in on the next phase of the energy boom.

Instead, the richest investment opportunities can be found in the fast-emerging alternative energy sector.

Thatâ€™s where oilman T. Boone Pickens is putting his money – his company Mesa Power just placed an order for US$2 billion in wind turbines. And thereâ€™s much more profit potential in other parts of the alternative energy sector too – especially alternative fuel.

If you want to know where we’re headed in the future…always follow where the money is going.

This entry was posted on Thursday, May 29th, 2008 and is filed under Energy, Environment, Gas, Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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