The Guardian has a story about legendary oil tycoon T. Boone Pickens, and his massive investment in wind energy in Texas. Featured is an important quote: “Don’t get the idea that I’ve turned green,” Pickens tells the Guardian in the Dallas offices of his new venture Mesa Power. “My business is making money, and I think this is going to make a lot of money.”
Here in Indiana, we do not have the wind that west Texas enjoys (I bet they didn’t enjoy it much until now). Nor do we have an ocean, or major geothermal potential, nor a dependable amount of solar power. Hydroelectric dams have been shown to have major consequences, so I doubt if we will see more of those. Indiana will either need to depend on our neighbors for our energy, or diversify our renewable investment. Perhaps we will need to do both. Is there a T. Boone Pickens out there for diversification? Or will this need to be a major group effort? Fortunately, it looks like the profit motivation may be there for such an investment.