edward said:
The French didn't want to lose the $650 billion. We would have done the same as they did.
I think that needs rephrasing: "We did what we thought the others would also have done in that situation"
But you're still missing the entire point, and it helps to point out that Elf was involved. Elf is a French state oil company which has, since about 5 - 10 years, a lot of legal troubles (in France) ; most of its former managers are in jail or on the run. And the reason was indeed that there were strong links between the former French president Mitterand and his political and other friends, and the managers of Elf, doing a lot of dark business. However, Mitterand was from the french left, and it turned out after his death, he had been a quite corrupt person. All ties between politicians and Elf turned out to be with friends of Mitterand, who used Elf as a kind of cash register to pay the people who did things for them.
Chirac is from the right, and his "natural environment" is more the farmer's world ; he has not much links with the world of Elf.
So I can understand that there were some French who indeed, didn't want France to get involved for "oil" reasons, but again, THEY WERE NOT LINKED TO CHIRAC, who was the guy who took the decision.
Chirac had entirely DIFFERENT reasons, which, for a politician, were much more important. First of all, he had his public opinion VERY STRONGLY AGAINST the war. If ever he was going to be in favor of it, his popularity would plummet strongly, and if he took their view, he would be very popular. And second, also very important, the silly stance of the US made it extremely easy for him to do something he liked personally a lot: play a role on the world theatre. As he KNEW that the US was heading for the wrong solution, ignoring a lot of difficulties, it was a dreamed-of occasion to be the 'wise old man who told you so'. It was a bit as if you are facing 50 nobel laureates who claim that the world is a flat disk with monsters on the border and they want to organize a campaign to go and catch those monsters. That's a dreamed-of occasion to go and tell out loud that these nobel laureates are dead-wrong ; it is so easy to show them wrong (and hence boost your own image: you were right against 50 nobel laureates!) and you simply KNOW that they won't catch the monsters !
So probably Chirac's strategy was, in his mind, a win-win situation concerning image: or Bush would finally concede to him (I think he really thought that in the beginning), so Chirac would have been the "powerful guy who stopped the US from doing something bad" ; or Bush would go ahead anyways, in which case it would take some time but Chirac would have been proven right after the fact (eg, now). The worst thing that could have happened to Chirac (in his mind) was that the US troops, after a short battle, would have been welcomed with children waving american flags - then Chirac would have been the evil old man who tried to stop the good US from liberating a country - something Chirac knew was highly highly unlikely to happen thanks to his superior knowledge of the Arab world.
Nevertheless, the point of this thread was not who was right and who was wrong concering the decisions taken ; it was about the hate campaign against all things french that was, at least partly, organized by the US administration.