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Oil and Betrayal in Iraq Alan Greenspan should know. It was oil all along. The former head of the Federal Reserve writes in his memoir, The Age of Turbulence: Adventures in a New World, "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." Greenspan even advised Bush that "taking Saddam Hussein out was essential" to protect oil supplies.

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Oil and Betrayal in Iraq

Alan Greenspan should know. It was oil all along. The former head of the Federal Reserve writes in his memoir, The Age of Turbulence: Adventures in a New World, "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." Greenspan even advised Bush that "taking Saddam Hussein out was essential" to protect oil supplies.