From The Guardian, via Ruminate This.

The US deputy defence secretary, Paul Wolfowitz - who has already undermined Tony Blair's position over weapons of mass destruction (WMD) by describing them as a "bureaucratic" excuse for war - has now gone further by claiming the real motive was that Iraq is "swimming" in oil.

The latest comments were made by Mr Wolfowitz in an address to delegates at an Asian security summit in Singapore at the weekend, and reported today by German newspapers Der Tagesspiegel and Die Welt.

Asked why a nuclear power such as North Korea was being treated differently from Iraq, where hardly any weapons of mass destruction had been found, the deputy defence minister said: "Let's look at it simply. The most important difference between North Korea and Iraq is that economically, we just had no choice in Iraq. The country swims on a sea of oil."

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UPDATED: The Guardian has issued a correction on this:

A report which was posted on our website on June 4 under the heading "Wolfowitz: Iraq war was about oil" misconstrued remarks made by the US deputy defence secretary, Paul Wolfowitz, making it appear that he had said that oil was the main reason for going to war in Iraq. He did not say that. He said, according to the Department of Defence website, "The ... difference between North Korea and Iraq is that we had virtually no economic options with Iraq because the country floats on a sea of oil. In the case of North Korea, the country is teetering on the edge of economic collapse and that I believe is a major point of leverage whereas the military picture with North Korea is very different from that with Iraq." The sense was clearly that the US had no economic options by means of which to achieve its objectives, not that the economic value of the oil motivated the war. The report appeared only on the website and has now been removed.

Thanks to Matt Stoller for pointing this out.