Samuel Bodman
Samuel 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...
ProfessionPolitician
Date of Birth26 November 1938
decline expect function price
I would expect there to be some decline in price but that is a function of the marketplace,
abroad bush capacity either percent pressure relieve view
Look, the Bush administration is not going to come up with a number. I can tell you what my view is, and I'd like to have another 10 percent of capacity today, ... But that could come either abroad or could come here, but I would like to have something that, in a better world, would relieve some of the pressure on these facilities.
based consistent countries federal law manner oil operate producing
Many oil producing countries do not operate in a manner consistent with U.S. federal law, but they are not based here.
available country facing known products refined supplies
We have made it known that we are facing shortfalls in available supplies of refined products in our country as a consequence of this storm,
barrels crude energy meet member million offer oil petroleum release states strategic united
To meet our obligations as a member of the International Energy Agency, the United States will release 30 million barrels of crude oil from the Strategic Petroleum Reserve, ... We will offer the oil for bid.
damaged pair severe
We've had a very severe pair of episodes, they have damaged the (energy) infrastructure,
forgo indigenous investment major mechanism states supply
We are working with major suppliers and the IAEA on a back-up supply mechanism for states that forgo investment in indigenous enrichment or (plutonium) reprocessing capability,
available fuel rest
do everything we can do to get fuel available to the rest of the country.
capacity couple delayed guess roughly starting
It's roughly 4% to 5% of the American refinery capacity will be delayed and starting up I would guess in another couple of months,
asset clear consumers economy event including major national natural petroleum protect reserve security strategic supply
The administration has been clear that the Strategic Petroleum Reserve is a national security asset that can be used to protect American consumers and our economy in the event of a major supply disruption, including natural disasters,
affect crude mitigate oil people petroleum reserve situation strategic understand willing
It's important for our people to know that we understand the situation and we're willing to use the Strategic Petroleum Reserve to mitigate any shortfall in crude oil that could affect our consumers,
conditions depending historic hope imagine market
It's an historic decision, ... Depending on what the market conditions are, I can imagine doing more but I would hope that we would not have to.
disruption either forecast hard length likely motor point supply terms time
It is very hard at this point in time to forecast either length of time where there may be disruptions or where they will occur, ... But I think it likely to be that there will be some disruption in terms of supply of motor fuels.
both gasoline natural next six terms time
We're going to go through a very challenging time the next six months, is my guess, ... Both in terms of gasoline availability and (prices of) natural gas and heating oil, we're going to have some problems.