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We haven't really had the time yet to pore through all those records in Baghdad. We'll find ample evidence confirming the link, that is the connection if you will between al Qaida and the Iraqi intelligence services. They have worked together on a number of occasions.

I think that the proposition of going to Baghdad is also fallacious. I think if we we're going to remove Saddam Hussein we would have had to go all the way to Baghdad, we would have to commit a lot of force because I do not believe he would wait in the Presidential Palace for us to arrive. I think we'd have had to hunt him down. And once we'd done that and we'd gotten rid of Saddam Hussein and his government, then we'd have had to put another government in its place. What kind of government? Should it be a Sunni government or Shi'i government or a Kurdish government or Ba'athist regime? Or maybe we want to bring in some of the Islamic fundamentalists? How long would we have had to stay in Baghdad to keep that government in place? What would happen to the government once U.S. forces withdrew? How many casualties should the United States accept in that effort to try to create clarity and stability in a situation that is inherently unstable? I think it is vitally important for a President to know when to use military force. I think it is also very important for him to know when not to commit U.S. military force. And it's my view that the President got it right both times, that it would have been a mistake for us to get bogged down in the quagmire inside Iraq.

Oil remains fundamentally a government business. While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world's oil and the lowest cost, is still where the prize ultimately lies, even though companies are anxious for greater access there, progress continues to be slow.