Not really a whacky conspiracy theory at all. I believe that Michael is referring to
The Project for the New American Century, a neo-conservative think tank that was urging the use of military force against Iraq as early as 1998. Promiment members of the group include Dick Cheney, Donald Rumsfeld, John Bolton, Paul Wolfowitz, and many other high ranking members of the administration. In 2000, the group issued a report entitled
Rebuilding America's Defenses. Included in the report were the following claims:
...while the unresolved conflict in Iraq provides the immediate justification [for US military presence], the need for a substantial American force presence in the Gulf transcends the issue of the regime of Saddam Hussein
Over the long term, Iran may well prove as large a threat to U.S. interests in the Gulf as Iraq has. And even should U.S.-Iranian relations improve, retaining forward-based forces in the region would still be an essential element in U.S. security strategy given the longstanding American interests in the region.
So yes, neo-conservatives were seeking a military presence in the Middle East and were drawing up plans and justifications for invading Iraq long before 9/11 and before Bush even assumed office.