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June 30, 2008
Posted: 02:40 PM ET
FROM CNN’s Jack Cafferty: When it comes to the real reason for the Iraq war, we’ve pretty much heard it all: First it was WMD, then it was about the war on terror and removing Saddam Hussein, then it was about spreading democracy. But it was never about the oil. Now, as Bill Moyers reported on PBS: “…one by one, these concocted rationales went up in smoke, fire and ashes. And now the bottom line turns out to be … the bottom line. It is about oil.” More than 5 years after the start of the war, the U.S. has lost more than 4,100 troops, tens of thousands more are wounded for life, hundreds of thousands of Iraqis are dead, millions more are displaced, and the U-S taxpayer is stuck with a bill that could top trillions of dollars. And, what about the oil? Well, it hit a new record high today of more than $143 a barrel. Gas prices are up almost 38% from a year ago. The New York Times reports that the Bush administration played a key role in drawing up no-bid contracts between the Iraqi government and five major Western oil companies to develop some of the largest fields in Iraq. Critics accuse the administration of making sure Western companies get this access in the country that holds the third-largest oil reserves in the world. For example, Russian companies with experience in Iraq were hoping for contracts, but they’re still waiting. The White House denies steering the Iraqis toward any decisions. A State Department official says its advice was “not binding.” Here’s my question to you: Do you believe the Iraq war was about oil all along? Interested to know which ones made it on air?
Andrew from Arnold, Missouri writes: Chris writes: Doris from Ojai, California writes: Mike from Baltimore writes: Michael from Lorain, Ohio writes: Ryan writes: Joe from Ohio writes: Filed under: Oil Prices War in Iraq
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Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV. Send your comments on the "Cafferty File". Jack's Book
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