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
agreed energy markets prepared
They've all agreed and this is something that they're prepared to do to stabilize energy markets worldwide,
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.
necessary prepared regards strategic
We are prepared to do what is necessary with regards to the strategic reserves,
agencies begun came close contact impact local overall power state storm
We've also begun working with other agencies on planning, even before the storm came ashore, and have been in close contact with the state and local authorities assessing the overall impact of this storm on our nation's power infrastructure,
concerns natural supply
There are concerns about the supply of natural gas,
delivering fully oil reserve soon start
With the Reserve fully operational, we will be able to start delivering this oil as soon as tomorrow,
came confidence enthusiasm increased level
I was very impressed, I have to say, by the capability, by the competence, by the enthusiasm displayed. I came back with an increased level of confidence that they would do what they said they would do.
amount crude intentions maximum offer product provide refined versus within
The amount of refined product versus crude that they will offer has not been determined, ... Their intentions are to provide the maximum amount of refined product within their requirements.
additional applying barrels billions canada cars co2 emissions equivalent fields million oil pulling reduction road technique western
Just 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,
job
Our job is to get the infrastructure going again,
continue determination few gain information needs next specific
Over the next few days, we will continue to gain more information on the specific needs and then be able to make a better determination on how we can help,
decline expect function price
I would expect there to be some decline in price but that is a function of the marketplace,
based capacity difference help major numbers price
Will it make a major difference in the price of gasoline? Based on the numbers that I see, probably not, ... It'll help some, but we have significant refining capacity that is dysfunctional.
beginning continues corners creation demand domestic earth far gas global market natural needed precisely production receive run time
We are beginning to see the creation of a global market for LNG, ... 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.