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Pickens says U.S. firms 'entitled' to Iraqi oil | Markets | Reuters

Pickens says U.S. firms 'entitled' to Iraqi oil | Markets | Reuters: "WASHINGTON, Oct 21 (Reuters) - Oil tycoon T. Boone Pickens told Congress on Wednesday that U.S. energy companies are 'entitled' to some of Iraq's crude because of the large number of American troops that lost their lives fighting in the country and the U.S. taxpayer money spent in Iraq.

Boone, speaking to the newly formed Congressional Natural Gas Caucus, complained that the Iraqi government has awarded contracts to foreign companies, particularly Chinese firms, to develop Iraq's vast reserves while American companies have mostly been shut out.

'They're opening them (oil fields) up to other companies all over the world ... We're entitled to it,' Pickens said of Iraq's oil. 'Heck, we even lost 5,000 of our people, 65,000 injured and a trillion, five hundred billion dollars.'"

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