T. Boone Pickens Suspends His Campaign

T. Boone Pickens announced today that he has decided to put his Texas wind farm plans on hold.

The story identifies a few different causes for the suspension: natural gas prices (down 5%), the recent drop in oil to $55.77 as well as the estimated $2 billion Pickens’ own investment firm lost this year.

I leave it to others to say what this setback, or slowdown, or suspension means for the Pickens plan and the momentum that’s gathered around the plan.

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