I think you’ll find that the prime objective of George Bush, and the other oil millionaires in his administration, was to get their hands on Iraq’s oil ….. not to sit there and watch it become wealthy.
It’s called neocolonialism.
EDIT : http://news.bbc.co.uk/1/hi/world/americas/1138009.stm
What makes the new Bush administration different from previous wealthy cabinets is that so many of the officials have links to the same industry – oil.
The president, vice-president, commerce secretary and national security adviser all have strong ties to the oil industry.
Vice-President Dick Cheney amassed some £50m-$60m while he was chief executive of Haliburton oil company.
Commerce Secretary Donald Evans held stock valued between $5m and $25m in Tom Brown Inc, the oil and gas exploration company he headed.
National Security Adviser Condoleeza Rice was a director of Chevron.
The concentration of energy connections is so pronounced that some critics are calling the Bush government the “oil and gas administration”.