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
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.
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.
delivering fully oil reserve soon start
With the Reserve fully operational, we will be able to start delivering this oil as soon as tomorrow,
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,
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.
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,
four stream
We have all but four refineries now back on stream and functioning,
advantage bad recognize
We recognize there are some bad actors that may be to take advantage of the situation,
affected committed directly help hurricane immediate meet minimize needs petroleum potential power resources result strategic supply
We are committed to doing everything in our power to meet the immediate needs of those directly affected by Hurricane Katrina. By utilizing the resources of the Strategic Petroleum Reserve, we will help minimize any potential supply disruptions as a result of the hurricane,