7,123. 9/16/2007

“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 [September 17, 2007], 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.”

 – Graham Paterson, “Alan Greenspan Claims Iraq War Was Really for Oil,” The Times of London, Sep. 16, 2007

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