Sam Bodman
Sam Bodman
Samuel Wright Bodman IIIis the former 11th United States Secretary of Energy. He was previously the Deputy Secretary of the Treasury and the Deputy Secretary of Commerce...
companies eager encourage invest oil profits sector
encourage the oil companies to invest their significant profits back into the refining sector -- that's what we're very eager to see.
both businesses challenge countries process russia undergoing work
Russia has been undergoing a process of change, ... That has made it a challenge for businesses in both countries to work out appropriate relationships.
profits support
There's no way that we would support a windfall profits tax,
That's the hope, and all of that has yet to be proven.
continue fit hope ministers
I would hope that the (OPEC) ministers would see fit to continue supplying the market,
build industry people responsibility
Obviously, the industry has made a lot of money. They have a responsibility to the American people to build new refining capacity,
expect reflected time
We would expect that over time that would be reflected at the pump,
consumers diesel ensures facilities flowing fuel gasoline gulf petroleum production regain region sale
This sale ensures that refineries have the petroleum they need to keep gasoline and diesel fuel flowing to American consumers while production facilities in the gulf region regain their capacity,
amount charitable difficulty
We're all for charitable giving, ... when it comes to a stipulated amount that is where I have difficulty.
heard might number proposals
I've heard a number of proposals on what might be done to fortify this operation,
equivalent favor profits
That is not something I would be in favor of. That would be the equivalent of some kind of windfall profits tax,
fact life responding
It's a fact of life that Americans are responding to and getting used to,
doubt economy season tough winter
There is no doubt that this is going to be a very tough winter season for the American economy (and) for American homeowners,
necessary prepared respect strategic
We are prepared to do what is necessary with respect to strategic reserves,