Pickens Talks Energy Independence in Ohio

TOLEDO, Ohio (AP) - Texas energy tycoon T. Boone Pickens has brought his campaign for energy independence to Ohio.

The head of Dallas-based hedge fund BP Capital Management LP was in Toledo on Monday to talk about his proposals for reducing America's dependence on foreign oil. His so-called "Pickens Plan" would rely on energy efficiency and investments in renewable sources, such as wind power.

Pickens met with executives at Owens Corning, a Toledo company that makes building insulation and windmill blades. He was embraced by a person costumed as Owens Corning's Pink Panther mascot.

The billionaire who made his name in the oil business warned that the U.S. could find itself spending $300 per barrel on imported oil within 10 years.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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