Foreign Policy In Focus/IPS, by Stephen Zunes October 26, 2004 [source link is no longer online]
The major justifications for the U.S.-led invasion of Iraq—Saddam Hussein’s supposed possession of weapons of mass destruction and Iraqi ties to the terrorist al-Qaida network—are now widely discredited, and Washington’s claims that its efforts are creating a democratic Iraq are also highly dubious. Although economic factors did play an important role in prompting a U.S. invasion, the simplistic notion that Iraq’s makeover was undertaken simply for the sake of oil company profits ignores the fact that even optimistic projections of the financial costs of the invasion and occupation far exceeded anticipated financial benefits…