Who will control the Iraqi oil fields?
The Geneva Conventions restrict what can be done with Iraq’s oil fields by occupying forces. The UN, currently trustee of Iraqi oil assets, is overseeing sales as part of the newly instituted oil-for-food program which may end June 3. Professor Bartram S. Brown, co-director of Chicago-Kent’s International and Comparative Law Program, can discuss the Geneva Conventions provisions. Oil prices will remain between $22 and $28 a barrel. The Organization of Petroleum Exporting Countries (OPEC) will hold an emergency meeting in Vienna April 24 to avert a possible price crash by reducing crude oil production. Professor Howard Simons of IIT’s Center for Law and Financial Markets is available for interviews. Professor Simons has more than 20 years’ experience in financial and energy markets. He began his career as an economist with the Amoco Corporation, and then was the managing consultant for energy with Data Resources, Inc. He has designed econometric trading systems for crude oil traders and
