Comments on: Greenspan Backtracks On Iraq War Oil Claim

The Skinny: Former Fed Chief Now Says Oil Wasn't The Reason For U.S. Invasion.

[lars008-2009]

senile greenspam,,, says going over oil was his idea,,, not bushes,,, lol

ummmm greenspam,,, you were suppose to just tinker with interest rates,,, not give advice on wars,,, lol

no wonder he was klintoons beyotch boy and tried to get him to attack iraq as well,,,

btw greenspam,,, it was the gop contract with america that balanced the budget,,, not klintoon,,,

Greenspan, who was the country''s top voice on monetary policy at the time Bush decided to go to war in Iraq, has refrained from extensive public comment on it until now, but he made the striking comment in a new memoir out today that "the Iraq War is largely about oil." In the interview, he clarified that sentence in his 531-page book, saying that while securing global oil supplies was "not the administration''s motive," he had presented the White House with the case for why removing Hussein was important for the global economy.

"I was not saying that that''s the administration''s motive," Greenspan said in an interview Saturday, "I''m just saying that if somebody asked me, ''Are we fortunate in taking out Saddam?'' I would say it was essential."
http://www.washingtonpost.com/wp-dyn/content/article/2007/09/16/AR2007091601287_pf.html

[feelfree1]

Alan Greedscam to U.S. public:

"Don''t blame me for destroying your economy in order to enrich myself, and my private banker co-pirates, and to prop up the Bush-puppet!"

"I''m not saying that I am not responsible for it. I''m just saying DON''T BLAME ME- (suckers)!!!"

[captchurch]

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[toldyouso21]

Why is it so horrible that we went to war over the free flow of oil? Our country NEEDS the free flow of oil to function.
You make it sound as if we went to war over Twinkies or something. If the flow of oil to this country stopped, it would probably be the most horrible economic catastrophy in history. Oil is an important commodity to keep our engine running, it''''s not some evil monster like cocaine or something. Posted by hawksprings at 11:37 AM : Sep 17, 2007

*****************************************

It IS monstrous to destroy other countries because they have something we want but have NO RIGHT to take...so the real question to all war supporters is:

How did OUR Oil---end up under THEIR sand?

[jimfinster]

One_American:

In the past you have criticized the Washington Post as "liberal garbage." Now you quote it? Unbelievable.

Regardless, the USA now has control of these oil fields and is building numerous permanent military bases in the country. You would have to be a total moron to not understand that oil was the major reason for the invasion.

[one_american]

Washington Post:

Greenspan said that at the time of the invasion, he believed, like Bush, that Iraq had weapons of mass destruction "because Saddam was acting so guiltily trying to protect something." While he was "reasonably sure he did not have an atomic weapon," he added, "my view was that if we do nothing, eventually he would gain control of a weapon."

His main support for Hussein''s ouster, though, was economically motivated. "If Saddam Hussein had been head of Iraq and there was no oil under those sands," Greenspan said, "our response to him would not have been as strong as it was in the first gulf war. And the second gulf war is an extension of the first. My view is that Saddam, looking over his 30-year history, very clearly was giving evidence of moving towards controlling the Straits of Hormuz, where there are 17, 18, 19 million barrels a day" passing through.

Greenspan said disruption of even 3 to 4 million barrels a day could translate into oil prices as high as $120 a barrel -- far above even the recent highs of $80 set last week -- and the loss of anything more would mean "chaos" to the global economy.

Given that, "I''m saying taking Saddam out was essential," he said. But he added that he was not implying that the war was an oil grab.

"No, no, no," he said. Getting rid of Hussein achieved the purpose of "making certain that the existing system [of oil markets] continues to work, frankly, until we find other [energy supplies], which ultimately we will."

[one_american]

Washington Post:

Greenspan said that at the time of the invasion, he believed, like Bush, that Iraq had weapons of mass destruction "because Saddam was acting so guiltily trying to protect something." While he was "reasonably sure he did not have an atomic weapon," he added, "my view was that if we do nothing, eventually he would gain control of a weapon."

His main support for Hussein''s ouster, though, was economically motivated. "If Saddam Hussein had been head of Iraq and there was no oil under those sands," Greenspan said, "our response to him would not have been as strong as it was in the first gulf war. And the second gulf war is an extension of the first. My view is that Saddam, looking over his 30-year history, very clearly was giving evidence of moving towards controlling the Straits of Hormuz, where there are 17, 18, 19 million barrels a day" passing through.

Greenspan said disruption of even 3 to 4 million barrels a day could translate into oil prices as high as $120 a barrel -- far above even the recent highs of $80 set last week -- and the loss of anything more would mean "chaos" to the global economy.

Given that, "I''m saying taking Saddam out was essential," he said. But he added that he was not implying that the war was an oil grab.

"No, no, no," he said. Getting rid of Hussein achieved the purpose of "making certain that the existing system [of oil markets] continues to work, frankly, until we find other [energy supplies], which ultimately we will."

[jimfinster]

lars008:

I know this is hard for you, but try to stay on topic. This story is not about the AG.

[lars008-2009]

WORST AG EVER JANET BENO,,,

SHE SHOULD BE CHARGED WITH TREASON ALONG WITH THE KLINTOONS AND THE DNC,,,

Clinton Attorney General Janet Reno blocked investigators%u2019 efforts at the Justice Department,,,

More than 100 people connected to the fundraising scandal fled the country,,,

Many of the Chinagate donors were successfully prosecuted even though Clinton Attorney General Janet Reno blocked investigators%u2019 efforts at the Justice Department. More than 100 people connected to the fundraising scandal fled the country, however. Norman Hsu seems to be following their lead.
http://www.corruptionchronicles.com/2007/09/hillary_donor_flees_like_china.html

[name_verify]

The top of the Fed isnt normally included in military strategy decisions, and this has the appearance of a headline manufactured to generate buzz from an otherwise not so interesting story.

[jimfinster]

teflonnads:

That is exactly right. There are other places in the world where military intervention would have made MUCH more sense from a humanitarian standpoint. But they did not have oil...

[teflonnads]

Greenspan has the guts to call it right. This war was ALWAYS about oil - obtaining its control by US/UK conglomerates and, more importantly, maintaining US dollar hegemony as global petroleum reserve currency. This issue is too complex for Joe six-pack, but if you really think that Iraq is a humanitarian mission, ask yourself where the hell the US response was to the millions slaughtered in Rwanda and Darfur?

[captchurch]

To: ALL you know.......
~~~S.O.S.~~~MayDay***
~~~"Suicidal thoughts, up since Katrina, PTSD survey says........"
------- "Suicide rate among girls skyrockets 76%, says Centers for Disease Control & Prevention" -------
****
Please help me save young [ & old] lives, now NEEDLESSLY lost!
Help spread these [volunteer sites- NO $$$] planet-wide and express real
empathy!~~~
~~~~~SUICIDE VACCINE~~~~~[It works, which is the only point, Eh?!]
CaptainChurch.proboards57 (dot) com
s2.excoboard (dot) com/exco/index.php?boardid=24582
s2.excoboard (dot) com/exco/index.php?boardid=15311
b4.boards2go (dot)com/boards/board.cgi?user=ChurchCaptain
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*
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[~~~All groups:::5 permanent monographs & no chat~~~
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Jim Sorrell [CaptainChurch]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[jimfinster]

Here is something I would enjoy you Bush supporters to explain. I thought Syria and Iran were our enemies?? State sponsors of terror??


16/09/2007
(MENAFN) The Iraqi Minister of Oil announced that Iraq is seeking to increase its oil production by 3.5 million barrels per day (bpd) by the end of 2009, increasing to 6 million bpd within the next decade, IDP reported.

He also added that Iraq will supply Syria with 50 million cubic feet of liquefied gas daily and Iran with 100,000 barrels of crude oil per day via pipes which will be built during the next year.

Iraq is a member of the Oil Producing and Exporting Countries (OPEC) and anticipates its oil production to grow during the next decade to reach 6 million barrels per day from the current 2.5 million.

[forthepeopl1]

he has been told by cheney/bush if you continue to say the truth on why we want into iraq, we will make you disapear just like the ones that informed the nukes were being flow over the us. they are dead, thats right america dead,ancidents they say but we know the truth, bush/cheney/rove/rumseld made them dissapear.

so whats next america, no one should be paying their taxes to pay for this war..what they will put 300 million americans in jail....dont think so...

[mudrose-2009]

Posted by andor3

No, they''re not joking. It''s their mindset. We''ve managed to acquire so much oil from the middle east that we are playing $3.00 at the pump. Gee, with all that oil wealth that we''re taking, it''s no small wonder the Iraqis are having a hard time with their distribution benchmark. How can they distribute all to all three factions, when we''re taking it all?

[industrial11]

Where in the article is any text to back up the headline ? This is a sham. The claim is still written in his memoir.

Explain yourselves please, or this headline looks like propaganda.

[industrial11]

Where in the article is any text to back up the headline ? This is a sham. The claim is still written in his memoir.

Explain yourselves please, or this headline looks like propaganda.

[mudrose-2009]

Oh, yes, Alan isn''t happy about his retirement. He needs to stay in the limelight and he''s another one who is specificially well suited to comment on the Bush policy. Don''t note that Clinton considered Sadaam a treat to national security. But then again Clinton said one thing and did another. Next Greenspan will undermine Ben Bernanke. Really, wish these people would find something they can do when they retire rather than impose their oft personal perceptions on us and then taut it as fact.

[andor3]

hawksprings asks: "Why is it so horrible that we went to war over the free flow of oil? Our country NEEDS the free flow of oil to function."

You ARE joking I hope? Is it wrong for a heroin addict to steal or kill to support his habit?

In fact, it is worse doing it for oil: not only is it morally wrong, it also weakens the country politically, militarily, and deepens dependence on a substance that we will run out of. Worse yet, oil dependence is something we have the brains and means to stop, just not the leadership nor the willpower.