Report on the “Iraq war is largely about oil” opinion of leading Republican economist Alan Greenspan as post-invasion Iraqi deaths from violence were expertly estimated at 1.2 million (2007): “The man once regarded as the world's most powerful banker has bluntly declared that the Iraq war was 'largely' about oil. Appointed by Ronald Reagan in 1987 and retired last year after serving four presidents, Alan Greenspan has been the leading Republican economist for a generation and his utterings instantly moved world markets. In his long-awaited memoir - out tomorrow in the US - Greenspan, 81, who served as chairman of the US Federal Reserve for almost two decades, writes: 'I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.' In The Age of Turbulence: Adventures in a New World, he is also crystal clear on his opinion of his last two bosses, harshly criticising George W Bush for 'abandoning fiscal constraint' and praising Bill Clinton's anti-deficit policies during the Nineties as 'an act of political courage'. He also speaks of Clinton's sharp and 'curious' mind, and 'old-fashioned' caution about the dangers of debt. Greenspan's damning comments about the war come as a survey of Iraqis, which was released last week, claims that up to 1.2 million people may have died because of the conflict in Iraq - lending weight to a 2006 survey in the Lancet that reported similarly high levels. More than one million deaths were already being suggested by anti-war campaigners, but such high counts have consistently been rejected by US and UK officials. The estimates, extrapolated from a sample of 1,461 adults around the country, were collected by a British polling agency, ORB, which asked a random selection of Iraqis how many people living in their household had died as a result of the violence rather than from natural causes” (Peter Beaumont and Joanna Walters, “Greenspan admits Iraq was about oil, as deaths put at 1.2m”, The Observer, 16 September 2007: http://www.theguardian.com/world/2007/sep/16/iraq.iraqtimeline ).