It is a constant refrain that we hear - the war in Iraq was/is about oil. Even Alan Greenspan has said it (so it must be true). No blood for oil. Bush went into Iraq for his oil buddies.
Help me understand this. It honestly doesn't make any sense to me. Here's my logic.
If we went into Iraq to get oil, we would have a larger supply of oil at our disposal.
A larger supply of oil means lower oil prices.
Lower oil prices means people feeling better about the economy.
People feeling better about the economy means higher presidential approval ratings.
Oil supplies are down.
Prices are higher.
Public confidence in the economy is down.
And so are the President's poll numbers.
The facts being what they are, this argument against the war just makes no sense to me. What am I missing?