Billionaire T. Boone Pickens, who has spent millions supporting Republicans in past presidential elections, said he is likely to support Mitt Romney this time around.
“I will support the one who has an energy plan for America,” he said on Fox News Sunday. “I think Romney will show up with the plan.”
Pickens has promoted wind energy in recent years, an effort that he said cost him roughly $150 million. Though he said the loss was “painful,” Pickens is campaigning again, this time for a plan that addresses natural gas.
He is calling for Congress to grant tax credits to industry in order to convert America’s fleet of 18-wheel trucks to natural gas, which he says will reduce U.S. dependence on foreign oil. He also strongly opposes plans for the U.S. to export natural gas.