All posts tagged: Iraq

The Iraq War Was Not About Oil

Why did the U.S.-led coalition attack Iraq in 2003? Sixteen years after George W. Bush’s “Mission Accomplished” speech, the answer seems obvious to some: oil of course! When war was waged, this was the widespread view in Jordan (71 percent), Morocco (63 percent), Pakistan (54 percent), Turkey (64 percent), Germany (60 percent) and France (58 percent). After all, the U.S. was the largest oil-consuming nation and Iraq had the second-largest oil reserves in the world. These suspicions are strengthened when we consider how the White House was being run by retired oil executives—Cheney, Condoleezza Rice and Bush himself. However, closer examination suggests these factors were a coincidence rather than a conspiracy. The Iraq War was not fought for oil. Big Oil, Sanctions and Saddam American oil companies didn’t want to topple Saddam Hussein; they wanted to trade with him. They were prevented from doing so, not by the regime but by the U.S.’s full support for the U.N.’s oil embargo that was imposed on Iraq when it invaded Kuwait in 1990. In 1997, Conoco’s CEO …