Greenspan-IraqWarIsAboutOil
September 16, 2007
Power, not oil, Mr Greenspan
Alan Greenspan's announcement that the Iraq war is about oil will cheer the anti-war left and confound the Whitehouse
The Iraq war was fought for oil. Who says so? This time the charge is not levelled by the usual Bush/Blair haters but by Alan Greenspan, the lauded and cautious former chairman of the US Federal Reserve. Once famous for his gnomic economic statements, this time Greenspan is loud and clear. The former high priest of capitalism writes in his new memoirs: “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.” Mr Greenspan’s pronouncement will cheer the anti-war left and confound his old friends in the Bush administration.
Yet surprise should be tempered. The US right is not monolithic. Its vitality stems from its variety. Many US conservatives opposed the war. Ironically, many so-called realists disliked fighting because it was not about oil alone - they were suspicious of democracy building and upsetting once-friendly local dictators. Still more US conservatives are isolationists who believe, like any British blimp, that abroad is bloody. Another tendency, to which Mr Greenspan leans, is libertarian which opposes big government - and war is the worst big government activity of all. Many free market economists, like their Marxist opponents, fall into the fallacy of believing that everything in politics hinges on financial self-interest. True, oil has always been an important factor in Middle Eastern strategy but even countries opposed to the war believed that Saddam Hussein had weapons of mass destruction. The real reason for the war was Saddam’s defiance and the projection of US power after 9/11.
Mr Greenspan has a more reasonable charge against the administration. Instead of cutting expenditure, it spent taxpayers’ money like a drunk who has won the lottery. Many American conservatives regard Bush as they once did Lyndon Johnson, who also broke the bank by paying for an expensive war in Vietnam while allowing domestic expenditure to rip. Prudent Mr Greenspan will almost certainly agree.
I love how the "right" is now in back pedal mode on the war......you say plenty of Republicans were against the war.......ha ha.....what a joke....this is your war......you wanted it and now we all have to pay to get out of it.....no matter how your spin machine tries to shove it down our throats......this is your Vietnam and it will get worse before it gets better.
dennis, Newport Beach, CA
Stabalise the oil, Teriific.
We pay much more for our petrol now than we did in the "unstable" days.
Now to the mess in Iraq did anyone notice that Saddam kept these lunatics inline?
LTC, scotland,
Oil is power, literally. Hopefully the occupation of Iraq will end quickly and peacefully.
Aaron, Boston, Massachusetts
Last Update 2007-09-18 | Copyright© Charles Mingus 2008 | |

We pay much more for our petrol now than we did in the "unstable" days.
Now to the mess in Iraq did anyone notice that Saddam kept these lunatics inline?
Taking out Saddam wasn't all about oil, and it wasn't all about power. It was about finishing this anti-capitalist/anti-Semitic/anti-American movement off once and for all, and in ALL of its permutations.
I, for one, am happy to have been led by a President who reacted to a malignant attack by taking out not one, but two malignant, anti-American governments. If we're going to be hated, then we may as well be feared as well.
Greenspan has totally blown whatever reputation he had as an independent observer. I never thought he would create such lies just to sell a few books; I figured he was set financially. He's trying to throw the election to Hillary and the Democrats in '08...
Iraq has 115 Billion barrels of proven oil reserves.
Thats 9 Trillion dollars at todays prices.
Prices could reach $180 in the next five years five years and then the reserves would be worth $20 Trillion.
truth. Most have known this for years. Bush,
is the worst President ever
There obviously was no hard evidence that Saddam had weapons of mass destruction but we went to war anyhow. It's possible that some members of Team Bush believed their own lies but the rest knew they were taking this country to war based on lies.
That leaves oil with one exception. The neo-cons, who had their own agenda, convinced Bush that he was destined to be a great war President. But to be a war President you need a war. So he started one.
Another statement that seal's the two reasons why we are there. G.W. Bush when asked why we were after Saddam "Well, he did try to kill my daddy".
You think about these two statements combined with Greenspans thoughtful statements and see where you end up.
One must not be afraid to say such things if we are to remain a democracy of some sort any more.
Being Jewish, Mr, Greenspan will never say that the war against Iraq was about Israel and the dominance of the American political system by Zionist and the Israeli spies.
If Israel did not exist there will never have been an invasion of Iraq or Afghanistan,never.
It is Israel l,keep a very close eye on that snake of a country,the end might just, just might come from those international terrorist that run Israel some day.
But even countries supporting the war did not really believe that Saddam Hussein had weapons of mass destrcuion.
It is about categorizing the critics of this war in a patronizing form.
After all I simply assume, that Greenspan knows a bit more than the authour of this article.
PS: Excuse my english
Who? When? How (loudly)?
Saddam was dead before they even declared war, and that brings no justice.
Deceit is the "worst big government activity of all", not war.
It is war that deposes them.
While there have been (unnecessary) statements in response to the far Left's foolish accusation that we went to Iraq to steal their oil, I have not seen any official denial that the stabilization of the oil supply was not an important objective of the War in Iraq.
While his statement is true at its base, Greenspan had to have known how it would be distilled and diseminated by the media, whose only objective is to destroy Bush and return power to the Democrats.
Right or wrong, Bush's decision to engage Saddaam and world terror had the country's interests in mind. The Media's decision to undermine everything this country stands for has no such noble motivation.