More on Greenspan..
On Monday former Federal Reserve chair Alan Greenspan, said the removal of Saddam Hussein had been "essential" to secure world oil supplies. Greenspan said that had the U.S. not gone to war in Iraq, the cost of oil would be much higher.
Reporter: "If the war in Iraq was not about oil, why are we facing $80 a barrel right now. You make the point that if we hadn't gone to war, we would be facing $130, $140 a barrel. Correct?"Greenspan: "Correct.
Absolutely, the way I read Saddam, that's the way he was going."
In his newly published memoirs, Greenspan writes: “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."
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