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
necessary prepared regards strategic
We are prepared to do what is necessary with regards to the strategic reserves,
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,
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,
barrels crude energy meet member million offer oil petroleum release states strategic united
To meet our obligations as a member of the International Energy Agency, the United States will release 30 million barrels of crude oil from the Strategic Petroleum Reserve, ... We will offer the oil for bid.
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.
delivering fully oil reserve soon start
With the Reserve fully operational, we will be able to start delivering this oil as soon as tomorrow,
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.
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.