<DrumBeat: September 17, 2007 The Oil Drum Oilwatch Monthly - September 2007>

UPDATE: Greenspan Clarifies. Well, kinda.

Posted by Prof. Goose on September 17, 2007 - 7:00pm
Topic: Policy/Politics
Tags: alan greenspan, oil, oil prices, peak oil [list all tags]



Ok, so first, Greenspan says it's all about oil: 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.

Without elaborating, he writes, "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."

Then Gates, says "nuh-uh!": U.S. Defense Secretary Robert Gates on Sunday rejected former Federal Reserve Chairman Alan Greenspan's statement that the Iraq war "is largely about oil."

And then today, Greenspan "clarifies" his statement claiming the war was essential for "oil security.": Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been "essential" to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq.

I'm not sure, once you start thinking about it, that this makes things "better."

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