AMERICA\u2019s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil.<\/p>\n
In his long-awaited memoir, to be published tomorrow, Greenspan, a Republican whose 18-year tenure as head of the US Federal Reserve was widely admired, will also deliver a stinging critique of President George W Bush\u2019s economic policies.<\/p>\n
However, it is his view on the motive for the 2003 Iraq invasion that is likely to provoke the most controversy. \u201cI am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,\u201d he says.<\/p>\n
Greenspan, 81, is understood to believe that Saddam Hussein posed a threat to the security of oil supplies in the Middle East.<\/p>\n
Britain and America have always insisted the war had nothing to do with oil. Bush said the aim was to disarm Iraq of weapons of mass destruction and end Saddam\u2019s support for terrorism.<\/p>\n
Source<\/a><\/p>\n In 1998, Dick Cheney, now US vice-president but then chief executive of a major oil services company, remarked: “I cannot think of a time when we have had a region emerge as suddenly to become as strategically significant as the Caspian.” But the oil and gas there is worthless until it is moved. The only route which makes both political and economic sense is through Afghanistan. [Guardian<\/a>]<\/p>\n Take a look at this link<\/a><\/p>\n It\u2019s Not About Oil, Stupid, but Flattening Arab and Muslim Countries<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Thanks for the scoop<\/p>\n In 1998, Dick Cheney, now US vice-president but then chief executive of a major oil services company, remarked: “I cannot think of a time when we have had a region emerge as suddenly to become as strategically significant as the Caspian.” But the oil and gas there is worthless until it is moved. The only route which makes both political and economic sense is through Afghanistan. [Guardian<\/a>]<\/p>\n We want the oil but Arabs and Muslims are in our way. Continue reading