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...
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Kuwait and other OPEC states have acted responsibly during the oil crisis and made available additional quantities of oil,
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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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,
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I've heard a number of proposals on what might be done to fortify this operation,
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encourage the oil companies to invest their significant profits back into the refining sector -- that's what we're very eager to see.
profits support
There's no way that we would support a windfall profits tax,
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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,
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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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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,
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As of right now, in Houston, Texas it's almost impossible to buy gasoline,
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Despite the fact that a large number of oil installations were saved, we are still experiencing oil shortages,
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Russia has been undergoing a process of change, ... That has made it a challenge for businesses in both countries to work out appropriate relationships.
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,
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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,