Sam Bodman Quotations

We are prepared to do what is necessary with respect to strategic reserves,

We're quite excited about it. These are batteries that can be charged faster and can run longer and are really a major step up.

There is no doubt that this is going to be a very tough winter season for the American economy (and) for American homeowners,

Obviously, the industry has made a lot of money. They have a responsibility to the American people to build new refining capacity,

Last night I approved a company's request for loan from the Strategic Petroleum Reserve,

Kuwait and other OPEC states have acted responsibly during the oil crisis and made available additional quantities of oil,

Our government would like to see the passage of the Russian subsoil law, which will clarify the rules and the laws for investment in the energy area,

Over the past several days we have seen the capacity to ship gasoline by pipeline slowly return, so it is critical that our refineries remain supplied with crude oil,

Our goal here is to call for reinvestment of the funds in productive resources,

SPR was put in place specifically for this kind of an event -- something that interferes with flow of crude oil through our refiners and then to our citizens,

That's the hope, and all of that has yet to be proven.

I would hope that the (OPEC) ministers would see fit to continue supplying the market,

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,

We're all for charitable giving, ... when it comes to a stipulated amount that is where I have difficulty.

We would expect that over time that would be reflected at the pump,

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,

encourage the oil companies to invest their significant profits back into the refining sector -- that's what we're very eager to see.

There's no way that we would support a windfall profits tax,

Russia has been undergoing a process of change, ... That has made it a challenge for businesses in both countries to work out appropriate relationships.

Despite the fact that a large number of oil installations were saved, we are still experiencing oil shortages,

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,

As of right now, in Houston, Texas it's almost impossible to buy gasoline,

This effort will provide consumers, industry and federal agencies with a variety of energy savings ideas, which if done properly, can yield significant savings,

This administration has been clear that SPR is a national asset that can be used in times of supply disruption, like a natural disaster,

There will be disruptions, ... How long they will last, I simply don't know.

It's a fact of life that Americans are responding to and getting used to,

That is not something I would be in favor of. That would be the equivalent of some kind of windfall profits tax,

I've heard a number of proposals on what might be done to fortify this operation,

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,

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,

I can't speak to that, ... The private sector makes all those decisions.

I approved a company's request for loan from the Strategic Petroleum Reserve, ... I fully expect that the details of that loan will be released later today.