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...
call funds goal productive
Our goal here is to call for reinvestment of the funds in productive resources,
asset clear continues department national natural requests review supply
The department continues to review other requests as they come in. This administration has been clear that SPR is a national asset that can be used in times of supply disruption, like a natural disaster,
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By applying this technique to the oil fields of Western Canada, we would see billions of additional barrels of oil and a reduction in Co2 emissions equivalent to pulling more than 200 million cars off the road for a year,
despite fact large number oil
Despite the fact that a large number of oil installations were saved, we are still experiencing oil shortages,
ceos companies energy hope opportunity planning
I hope the CEOs of the energy companies use that (hearing) as an opportunity to make their case, tell the story of just what it is they are planning on reinvesting in this sector,
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,
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As a result of tight oil and gas markets, and the damage done by Hurricanes Katrina and Rita, it's likely that consumers will see an increase in their heating bills this winter,
almost buy impossible texas
As of right now, in Houston, Texas it's almost impossible to buy gasoline,
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.
fact life responding
It's a fact of life that Americans are responding to and getting used to,
asset clear national natural supply
This administration has been clear that SPR is a national asset that can be used in times of supply disruption, like a natural disaster,
simply
There will be disruptions, ... How long they will last, I simply don't know.
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This effort will provide consumers, industry and federal agencies with a variety of energy savings ideas, which if done properly, can yield significant savings,
profits support
There's no way that we would support a windfall profits tax,