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T. Boone Pickens said that based on the latest figures from the U.S. Department of Energy's Energy Information Administration (EIA), the U.S. imported 63 percent of its oil, or 4.35 billion barrels in 2009, sending nearly $265 billion, or $502,473 per minute, to foreign governments.

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Billionaire oil man T. Boone Pickens is shelving plans to build the world's largest wind farm. He says the capital markets will not support his plans to build the world's largest wind farm.

The chairman of BP Capital Management announced Tuesday that his plans for the Pampa Wind Project, designed to generate 4,000 megawatts of electricity using thousands of wind turbines, is on hold.

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