Tag Archives: oil

Stacy Summary:  Thoughts on T. Boone’s statements?  By the way, you can now grab the comments rss feed at the bottom of the sidebar if you would like.

• T. Boone Pickens says that US firms are ‘entitled’ to Iraq’s oil

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.”