Alan Greenspan admits the pre-emptive Iraq war was largely about oil

Edited by John Stokes

	Alan Greenspan.

The Canadian-based Centre of Research on Globalization documents that Alan Greenspan says Iraq was about oil, and that Americans and the rest of the world were mislead into supporting the agenda of the U.S. Bush administration.

"The man once regarded as the world's most powerful banker has bluntly declared that the Iraq war was 'largely' about oil," documents Peter Beaumont and Joanna Walters who are writers for the Centre.

“Appointed by Ronald Reagan in 1987 and retired last year after serving four presidents, Alan Greenspan has been the leading Republican economist for a generation and his utterings instantly moved world markets.”

In his long-awaited memoir Greenspan, 81, who served as chairman of the US Federal Reserve for almost two decades, writes: 'I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.'

In The Age of Turbulence: Adventures in a New World, he is also crystal clear on his opinion of his last two bosses, harshly criticising George W Bush for 'abandoning fiscal constraint' and praising Bill Clinton's anti-deficit policies during the Nineties.

Mr. Greenspan's damning comments about the war come as a survey of Iraqis, which was released in mid-September 2007, claims that up to 1.2 million people may have died because of the conflict in Iraq -- lending weight to a 2006 survey in the Lancet that reported similarly high levels.

The Lancet survey was criticised by some experts and by George Bush and British officials. In private, however, the British Ministry of Defence's chief scientific adviser Sir Roy Anderson described it as 'close to best practice'.

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