Has Bush Failed on US Oil Policy?

If there was one thing we thought we knew about George W. Bush and Dick Cheney when they took over the White House, it was this: these guys knew oil.

Bush grew up in the Texas oil patch and oil business. Cheney headed Halliburton, the oil services giant. These, we were told, were oil men.

But six years on - with the country hungry for energy alternatives but still critically dependent on oil - America's oil security looks dicier than ever. The Mideast is in turmoil. Angry oil nations are freezing U.S. oil giants out. Foreign oil companies are winning vital new supplies. And the price of oil has tripled.

This hour On Point: Have the oil men of the Bush administration blown American oil policy?

Guests:

John B. Judis, Senior Editor at the New Republic, Senior Fellow at the Carnegie Endowment for International Peace in Washington, D.C.

Edward Chow, .former international relations executive with the Chevron Corporation, Senior Fellow at the Center for International and Strategic Studies in Washington, D.C

Ariel Cohen, Senior Fellow at the Heritage Foundation, and an expert on energy security, Russia and Central Asia