Alan Greenspan: “Iraq war was about oil”

Tuesday, September 15, 2009

Alan Greenspan, the man once regarded as the world’s most powerful banker declared that the Iraq war was ‘largely’ about oil. First appointed by Ronald Reagan in 1987 and retired last year after serving four presidents, Greenspan made the admission in his long-awaited memoir, The Age of Turbulence: Adventures in a New World, available in bookstores tomorrow.

Now 81, Greenspan, 81, who served as chairman of the US Federal Reserve for almost two decades, writes:

‘I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.’

In The Age of Turbulence: Adventures in a New World, he is also crystal clear on his opinion of his last two bosses, harshly criticising George W Bush for ‘abandoning fiscal constraint’ and praising Bill Clinton’s anti-deficit policies during the Nineties as ‘an act of political courage’. He also speaks of Clinton’s sharp and ‘curious’ mind, and ‘old-fashioned’ caution about the dangers of debt.

Greenspan’s damning comments about the war come as a survey of Iraqis, which was released last week, claims that up to 1.2 million people may have died because of the conflict in Iraq, lending weight to a 2006 survey in the Lancet that reported similarly high levels.

This entry was posted in Dick Cheney, George Bush, International News, Iraq war, News, Oil and tagged , , , , , . Bookmark the permalink.

8 Responses to Alan Greenspan: “Iraq war was about oil”

  1. DMason says:

    Everyone comes out of the woodwork to tell the truth about the Iraq war once they’re safely out of office and have a book to sell. Including Mr. Andrea Mitchell. Fuck them all.

  2. Tao says:

    The REAL issue is not people are now acknowledging the OBIVOUS…

    What the REAL issue is is how little oil this country is getting from Iraq currently.

    It must be remembered, ‘about oil’ does not necessarily mean to provide to the market but rather to allow American companies access to the oil fields so that they can extract the oil when it is beneficial to them and sell it to whomever they want to.

    We get more oil from our enemies than we do from Iraq.

  3. libhomo says:

    I bet some people will never stop lying about the oily motives for the war on Iraq.

  4. Raffi says:

    Maybe someone can explain it but, didn’t the U.S. invasion destroy the much of Iraq’s oil production abilities? What was the point of destroying the very thing we went to war over? Like everything else from the Bush years, this doesn’t make sense.

  5. bradfrmphnx says:

    I don’t believe we destroyed any of their wells. We might have hit some of their supply, but that would have been short lived. We purposely left their oil production alone as far as I have heard.

    Iraq is the second largest producer of oil. Like Greenspan says…no surprise here, everyone knew it. I’ve said it all along, for what we’ve spent there, we got very little in return. I saw gas go from $2.50/gall up to $5.00/gall for a while though. What a sham.

  6. Randy Arroyo says:

    So does this mean Alan Greenspan has a terminal illness and he’s trying to get right with his maker before he dies, so he’s decided to tell the truth in his book before he dies?

  7. What DMason said. How brave of Greenspan to come out now, years later, to announce what was obvious to many, but sadly, not all of us. I wish I believed in hell.

  8. Urbano1982 says:

    Look at the bright side: the American empire is nearly dead — hastened by George Bush and Dick Cheney and the oil thirst corporatists standing with the former administration.

    We have a front row seat.

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