Is the war on terrorism bogus?

The Guardian has published an article (by a former British environment minister, no less) that sheds light on some of the motivations behind the United States' invasion of Iraq. Oil seems to have played a huge role (as has been alleged before). It is interesting that when it comes to oil supplies, the US government chose a military solution where there would have been an engineering solution: Funding a research program for non-oil energy sources would have produced none of the negative effects of a war (which at the time of the decision were very obvious risks), while still strengthening the US position globally (in a purely positive way).
[source: doggdot.us]