The Financial Times recently debunked the “It's all about oil” myth
One of those great ideological divides that seem to withstand all reasoned argument is the view that America's determination to oust Saddam Hussein is born of the desire to gain control of Iraqi oil. This view is prevalent in much of Europe and is shared in other parts of the world, especially in the Middle East. Even the wise Nelson Mandela believes it. The view is not, however, dominant, or even much discussed, in the US. Despite the chasm, the implausibility of this view warrants at least one more effort to dispel the myth.And so they make the effort.
But they do not address another issue: what accounts for the tenacity with which this view is held – and will continue to be held – despite its “implausibility” and despite the efforts of the FT and all others who examine the question rationally?
