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Oil Tycoon: US Entitled to Iraqi Oil

In other congressional testimony, the oil tycoon T. Boone Pickens told lawmakers Wednesday the US is entitled to Iraqi oil because of the human and financial toll of occupying Iraq. Addressing the Congressional Natural Gas Caucus, Pickens criticized Iraqi plans to open up oil fields to international bidding. Pickens said, Theyre opening them up to other companies all over the worldWere entitled to itWe even lost 5,000 of our people, 65,000 injured and a trillion, five hundred billion dollars.