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
continues department requests review
The department continues to review other requests as they come in,
believe breathe companies leadership matter people private run seeking
I believe that the people who run the private sector, who run these companies, they do have children, they do have grandchildren, they do live and breathe in the world. It's a matter of working with the leadership of these companies and seeking their participation.
companies profits record responsibility turning
These companies are turning in record profits they have a responsibility to expand,
carter damage energy faced facing past response situation
The situation we are facing is a very different one than we faced in the past ... in the Carter administration, ... This is in response to significant damage that has been done to the country's energy infrastructure.
crude problems
The SPR was put in place specifically for this kind of an event, ... We now have, in some instances, problems with getting crude to some refineries.
commitment less needs oil rather seem seems situation understanding
By and large, they seem to be understanding that we have a situation where there needs to be more oil rather than less oil in the world. There seems to be a commitment to it.
action add collective effort individual produce tremendous
Individual action from every American can add up to a tremendous collective effort and can produce significant results.
approved evening last later seeing
In a word. It is going to be done, ... Last evening it was approved and I think you'll be seeing an announcement about it later in the day. So we are doing everything we can to be responsive.
acute disruption energy expect few higher last prices severe weeks wisely year
The need to use energy more wisely is particularly acute this year because of the higher prices we expect to see, ... We have had a severe disruption in the last few weeks in the energy infrastructure of this country.
help minimize petroleum potential resources result strategic supply
By utilizing the resources from the Strategic Petroleum Reserve, we will help minimize any potential supply disruptions as a result of the hurricane.
beginning close companies contact disruption federal last locations managers oil operate petroleum prepare site strategic various
Beginning last week, we have been in close contact with our federal partners, site managers at various locations of the Strategic Petroleum Reserve, and companies that operate oil refineries to prepare for any disruption in oil production.
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.