Iraq War, Oil and Greenspan’s Gospel

The U.S. media blew up, and the Bush administration responded, when the 20 words from former Fed. Reserve Chair Alan Greenspan’s new book called out the oil motive for the Iraq war.

Greenspan utilized his 15 minutes on the book circuit to explain what he meant to say, an apparent attempt to take the heat off of Pres. Bush.

With the word of war with Iran (no. 2 in both oil and gas reserves) heating up, Greenspan’s explanation is all the more vivid: those who depend on oil will protect the s...