RE: [DMCForum] The Real Cost of Oil
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RE: [DMCForum] The Real Cost of Oil

One More:

n his book The Age of Turbulence: Adventures in a New World, Greenspan, 81, wrote: 'I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.'

For critics of US President George W Bush and the war in Iraq, the comment confirmed a widespread opinion that the US wanted to seize the oil reserves of the world's second largest supplier.

But Greenspan, who retired in 2006 as head of the US central bank, hastened to correct the impression in interviews published Monday by the Washington Post and the Wall Street Journal, saying the oil issue was his personal motive for backing the ouster of the late Iraqi leader Saddam Hussein, because it was necessary to secure the safety of world oil supplies.

'I wasn't arguing for war per se,' Greenspan was quoted as saying in the Post. But 'to take (Hussein) out, in my judgement, it was something important for the West to do and essential, but I never saw Plan B' - an alternative to war.

Greenspan told the Wall Street Journal that his main worry was that the Iraqi dictator wanted to control the Strait of Hormuz, the main passageway for a large portion of the world's oil supplies.

He said in the interviews that he expressed that view to the Bush administration in the build-up to the war, but he doubts oil played a major role in the final decision. He said when he brought it up, administration rejected the argument as one that would not fly politically.

US Defence Secretary Robert Gates Sunday said he disagreed with Greenspan's spin on the Iraq war.

'I know the same allegation was made about the Gulf War in 1991 and I just don't believe it's true,' he told ABC news.

Gates said he thought the war in Iraq was 'really about stability in the Gulf. It's about rogue regimes trying to develop weapons of mass destruction. It's about aggressive dictators.'

My biggest question is if there was no Oil in the Middle East would we be worried about stability in the Gulf?  This might cross the political line, but it is my only comment on this, just wondering.  It just seems to me that there are tons of other places with just as much unrest where we are not involved.

Jack Stiefel - Tampa, Florida
Stiefel Aluminum Inc

DMC Vin 03461 & 16879
From: DMCForum@xxxxxxxxxxxxxxx [mailto:DMCForum@xxxxxxxxxxxxxxx] On Behalf Of Ryan Wright
Sent: Monday, September 17, 2007 1:08 PM
To: DMCForum@xxxxxxxxxxxxxxx
Subject: Re: [DMCForum] The Real Cost of Oil

That's right. Greenspan did NOT say "This war is really about oil."
That's simply leftist spin on his words.


On 9/17/07, timnagin <timnagin@xxxxxxxxxxxxxx<>> wrote:
> You are REALLY pushing the political ban we have here, Bob. You need to
> read Greenspan's explanation of what he really said instead of how it was
> skewed. In his own words, no less.
> I am glad the real world doesn't use your math.
> Greg

[Non-text portions of this message have been removed]

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