T. Boone Pickens on Iraq: 'We leave there with the Chinese getting the oil'

WASHINGTON — A leading energy developer said the United States has been excluded from Iraq's revived energy market.

T. Boone Pickens told Congress that U.S. companies were losing opportunities in the Iraqi crude oil and natural gas sectors to competitors from China and Europe.

The senior executive said the United States could lose all influence in the Iraqi oil sector after the military withdrawal in 2011. More...