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
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.
agreed energy markets prepared
They've all agreed and this is something that they're prepared to do to stabilize energy markets worldwide,
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,
available fuel rest
do everything we can do to get fuel available to the rest of the country.
believe countries decision disruption historic member response result
The U.S. welcomes this historic and unanimous decision by member countries of IEA, ... I believe it is an appropriate response to the disruption that is occurring as a result of the hurricane.
available committed consumers continue determine diesel disposal ensures facilities flowing fuel gasoline gulf help markets monitor move nation needs next oil overall petroleum production regain region sale states supply tools united using
The United States is committed to using all of the tools at our disposal to help keep our oil and gasoline markets well supplied, ... 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. As we move forward, we will continue to monitor the overall supply of petroleum available and the needs of the nation as we determine next steps.
deliver exchange oil plus tapping today
Technically it's called an exchange of oil that we deliver today and that we will get oil back plus some interest, if you will, in the future. We will be tapping that today.
assessment hard return
How long before we return to normal? It's hard to know, because we have not yet got an assessment
continues corners demand domestic earth far gas natural needed precisely production receive run time
The construction of new terminals to receive natural gas from the far corners of the earth is precisely what is needed at a time when our own domestic production has run flat, yet demand continues to increase.
disaster face historic largest national remarkable response signal solidarity
This historic response is a remarkable signal of international solidarity in the face of the largest national disaster in America's history.