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Alan Greenspan claims Iraq war was really for oil
Times Online ^ | 9/16/07

Posted on 09/15/2007 4:21:02 PM PDT by freespirited

AMERICA’s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil.

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’s economic policies.

However, it is his view on the motive for the 2003 Iraq invasion that is likely to provoke the most controversy. “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says.

Greenspan, 81, is understood to believe that Saddam Hussein posed a threat to the security of oil supplies in the Middle East.

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’s support for terrorism


TOPICS: News/Current Events
KEYWORDS: alangreenspan; barkingmoonbat; energy; fed; iraqwar; mrandreamitchell; oil; seniledementia
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To: freespirited
The only question raised by Greenscam's book is:

Did Greenscam decide to take off his mask or did he just go ga-ga?

I guess it could be both, they're not mutually exclusive.

61 posted on 09/15/2007 6:22:40 PM PDT by Sal (My "good" Senator Kyl exposed himself as a Grand Betrayer, corrupt to the core!)
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To: Zman516

He knows it, Bush knows it, we know it. Thats not the issue. He seems to be unhappy that it was deemed inexpedient to explicitly lay out the strategic background.

I am too, as this has been a source of much confusion and opportunities for disingenuous rhetoric on the part of our opponents.


62 posted on 09/15/2007 6:26:18 PM PDT by buwaya
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To: freespirited

One of the problems with Iran getting nukes is that they will be able to blackmail THE ME oil producing nations

And wasn’t oil the reason for the multinational force going in to get Saddam out of Kuwait


63 posted on 09/15/2007 6:29:28 PM PDT by uncbob (m first)
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To: DoughtyOne

1. Most was right by the Kuwaiti border, the Rumaila oilfield and the main oil terminal. One couldn’t help but run into them, these were the first bits of Iraq. The Kirkuk-Mosul fields were not taken until the very end - because they were on the other side of the country from the invasion forces.

2. It was threatened with demolition a la Kuwait in 1991, only on a greater scale. That would have been very bad for any number of reasons. Other Iraqi infrastructure was not threatened by demolition.

3. It represents almost the sole economic support for the Iraqi economy.


64 posted on 09/15/2007 6:31:15 PM PDT by buwaya
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To: freespirited

Then where the heck is it?


65 posted on 09/15/2007 6:32:55 PM PDT by dbacks (I forgot to pay the rent on my tagline.)
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To: businessprofessor

Greenspans point is related, as I read it, but even better. The point is that a nut in that area has an opportunity to blackmail the world economy.


66 posted on 09/15/2007 6:33:04 PM PDT by buwaya
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To: texastoo

ping!


67 posted on 09/15/2007 6:34:18 PM PDT by nicmarlo
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To: freespirited
War is expensive. If you fight war for purely humanitarian reasons, you will end up broke.

Protecting the free worlds oil supply was just one of the economic reasons.

Verifying that Saddam had destroyed his WMD as required by the UN was just one of the humanitarian reasons.

68 posted on 09/15/2007 6:35:48 PM PDT by justa-hairyape
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To: camerakid400

The US oil supply will never be in danger - oil is a fungible commodity and any shortage can be made up just by paying more. The real threat is not national but global.

That threat cannot be significantly alleviated by increasing US oil supplies, these will be just a drop in the bucket in global terms. We cannot sit fat and happy while Europe, Japan, China, India, etc. crash. The last time this happened we got fascist governments around the world and a world war.


69 posted on 09/15/2007 6:36:47 PM PDT by buwaya
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To: B Knotts
“And while it’s true that other countries in the region have and continue to facilitate anti-Israel terrorism,”

What is even weirder is that Israel is probably their best source of intelligence about plots against them from within the Arab countries. They can probably trust Israel to be straighter with them than than their neighbors.

Don’t think it is not possible. Turkey, Jordan, and Egypt all have “working relationships” with Israel. Quiet, but working nonetheless. Besides, who right now is the only power in the ME with working nuclear warheads and delivery systems?

Saudi Arabia, Jordan, and Egypt trust Israel with nukes more than they trust Iran or Syria with nukes. Israel is smart enough to know what happens to them all if nukes are used in that relatively small area.

Iran scares them more than Israel does.

70 posted on 09/15/2007 6:36:55 PM PDT by JSteff (Reality= understanding you are not nearly important enough for the government to tap your phone.)
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To: taxed2death

“spreading democracy” - strategy to pre-empt dangerous totalitarian dictators.

“wmd” - can’t be produced in those parts without either said totalitarian dictators and a lot of oil money.


71 posted on 09/15/2007 6:38:59 PM PDT by buwaya
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To: Argus

“Whenever somebody tells me that it’s all about oil, I answer “It goddam better be.””

I only wish it was about the oil we took from Arab despots, and not about oil for an Iraqi soon-to-be-islamic-fundamentalist state.


72 posted on 09/15/2007 6:40:34 PM PDT by RFEngineer
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To: Big Guy and Rusty 99
.......prime motive for the war in Iraq was oil....

Oil? Who'da thunk it! This guy, he's like a genius. Plays a mean saxophone, too.

73 posted on 09/15/2007 6:43:24 PM PDT by Kenny Bunk ( Teddy K's 'Immigration Reform Act' of 1965. ¡Grácias, Borracho!)
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To: RFEngineer

An unambitious and defanged Islamic fundamentalist state, in that condition because of division and dissention is a much less dangerous thing, even with oil.


74 posted on 09/15/2007 6:43:25 PM PDT by buwaya
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To: freespirited
Alan Greenspan, has shaken the White House

Please, why would the White House be shaken, who cares what Greenspan thinks about the war?

75 posted on 09/15/2007 6:52:47 PM PDT by ReaganRevolution ("Fight the enemy, support the troops, back the President. There can be no end save victory.”)
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To: camerakid400
“[the dems would concede ANWR for national security reasons]”

Sorry, you really do not understand the mindset of the dems. They think they would get more power out of troubles in the U.S. than out of problems outside the U.S.

When the citizens are crying for heat in the winter and gas for the cars to get around. The dems win in so many ways.

They get the power to control every thing and do it while implementing their version of liberal heaven on earth.

76 posted on 09/15/2007 6:54:18 PM PDT by JSteff (Reality= understanding you are not nearly important enough for the government to tap your phone.)
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To: buwaya

“An unambitious and defanged Islamic fundamentalist state, in that condition because of division and dissention is a much less dangerous thing, even with oil.”

Unfortunately we’ve been building first-world infrastructure for the new Islamic Iraq......I’d rather have a regionally siginficant Iraq run by a secular tyrant that did our bidding - with Iran and Saudi Arabia,(maybe even Kuwait....ironically) than one that is powerless and splintered and dependent.


77 posted on 09/15/2007 6:57:24 PM PDT by RFEngineer
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To: STARWISE

He’s scared of his wife? LOL


78 posted on 09/15/2007 6:58:35 PM PDT by freekitty (May the eagles long fly over our beautiful and free American sky.)
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To: JSteff

you make a good point.


79 posted on 09/15/2007 6:59:44 PM PDT by camerakid400
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To: businessprofessor
Oil was a factor in the war but not in the way that Greenspan implies. With the sanctions lifted, SH would have had a large revenue stream to pursue terrorism and weapons. SH would have been happy to sell oil to finance his covert war against us. Oil is obviously a vital commodity. But SH wanted to sell oil to the highest bidder. He would not have withheld oil except in a time of war or as part of OPEC supply manipulation.

Thank you! So many people seem to think the "about oil" argument only works one particular way. It's about oil because oil is valuable and strategic, and Saddam was a bad person who did bad stuff with the power the control of the oil gave him. This all would have been true even if Iraq's valuable commodity were something we neither used nor desired whatsoever.

The "about oil" people, however, have such little imagination that the only thing they can envision, if they convince themselves something is "about oil", is that we somehow want to take a bunch of oil. (And the fact that this isn't what we're doing, doesn't dissuade them in the slightest from this view.) This is really stupid and small-minded. It's like assuming that because the government's pursuit of Al Capone was about alcohol (which it was, after all), this means the government was primarily motivated by a desire to take Al Capone's alcohol. Similarly, no one would dispute that when a big coke dealer is arrested, the reason for his incarceration is coke. By the "about oil" type argument, this necessarily means that the government wanted to take all the guy's cocaine to use for themselves.

When an action taken by party X against party Y is "about" some underlying valuable commodity, even if that's an accurate characterization, it takes a very small mind to conclude that the whole event can be summarized by painting a simplistic cartoon picture in which X simply wants to take the commodity from Y.

80 posted on 09/15/2007 7:00:28 PM PDT by Dr. Frank fan
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