Sam Bodman
Sam 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...
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This administration has been clear that SPR is a national asset that can be used in times of supply disruption, like a natural disaster,
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As of right now, in Houston, Texas it's almost impossible to buy gasoline,
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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,
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This effort will provide consumers, industry and federal agencies with a variety of energy savings ideas, which if done properly, can yield significant savings,
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I've heard a number of proposals on what might be done to fortify this operation,
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Despite the fact that a large number of oil installations were saved, we are still experiencing oil shortages,
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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.
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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,
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encourage the oil companies to invest their significant profits back into the refining sector -- that's what we're very eager to see.
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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,
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We are prepared to do what is necessary with respect to strategic reserves,
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There is no doubt that this is going to be a very tough winter season for the American economy (and) for American homeowners,
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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.
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We would expect that over time that would be reflected at the pump,