POINT OF VIEW: NELPI's Langenkamp: What happens with Iraq's oil?

The new director of the University of Tulsa's National Energy-Environment Law & Policy Institute (NELPI) takes the helm at a pivotal point in the history of world oil markets.The prospect of a US-led military campaign against Iraq has dominated the world's headlines for months now. But behind the rhetoric and scramble to prepare for war, many questions have surfaced concerning the country's oil reserves, which have been estimated at more than 100 billion bbl—second only to Saudi Arabia.The questions that R. Dobie Langenkamp poses center on a single theme: What happens to that oil should the US and its allies oust Iraqi President Saddam Hussein and take control of the cou...

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