Reply #16: Bush’s senior economic advisor said gas prices would lower as a result of invading Iraq

[Lasher]

Just wanted to add this tidbit so I can find it later:

Laurence Lindsey – President Bush’s senior economic advisor at the time — argued in 2002 that the Iraq war would increase oil supplies and lower prices. From the Washington Times, 9/19/02:

As for the impact of a war with Iraq, “It depends how the war goes.” But he quickly adds that that “Under every plausible scenario, the negative effect will be quite small relative to the economic benefits that would come from a successful prosecution of the war.”

“The key issue is oil, and a regime change in Iraq would facilitate an increase in world oil,” which would drive down oil prices, giving the U.S. economy an added boost.

http://thinkprogress.org/2006/04/19/bartlett-caught-in-lie/