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Iraq is not about oil.
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And Oliver North was really a good soldier, up to the last moment, shoving memos into the shredder and defending the policy to the end.
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Another factor is the decision, made in 1976, to sharply divide the FBI and the foreign intelligence agencies. The FBI would collect within the United States; the foreign intelligence agencies would collect overseas.
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Zealots often carry the day.
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You want to keep intelligence separate from policy.
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The standard rumor at the time was that Rumsfeld, as chief of staff, had persuaded President Ford to appoint George H.W. Bush as director of Central Intelligence, assuming that that got rid of a potential competitor for the presidency.
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Myself, I don't think you will ever get security in the Mideast until you have what on the surface appears to be fair to both sides. You have to have leaders committed to peace, on both sides. One side can't impose a solution.
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As best I can tell there was no advance warning of the attack on the World Trade Center in 1993, which was the first significant foreign terrorist activity in the U.S. No tip-offs that it was coming.