Before the invasion of Iraq, the Bush administration argued that the war was not about oil but rather about getting rid of Iraq’s weapons of mass destruction and liberating the Iraqi people from Saddam Hussein. Antiwar activists were dismissed as “conspiracy theorists” for holding signs demanding “No blood for oil.”
In his recently published memoirs, Alan Greenspan, a major figure in the U.S. establishment who headed the Federal Reserve for 19 years under Reagan, Bush I, Clinton, and Bush II, stated what we knew all along:
"Whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the world economy… I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq War is largely about oil."
