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,
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.
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,
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.
four stream
We have all but four refineries now back on stream and functioning,
available country facing known products refined supplies
We have made it known that we are facing shortfalls in available supplies of refined products in our country as a consequence of this storm,
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.
damaged pair severe
We've had a very severe pair of episodes, they have damaged the (energy) infrastructure,
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.
affected amount mindful product refined region
We are mindful that the affected region contributes a significant amount of our oil, gas, and refined product supply.
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,
deliver diesel electrical finished fuel issue lines northeast operate pipe power respect rest supply various
There is an issue with respect to getting electrical power so that we can operate the various pipe lines that supply fuel to the rest of the country, ... deliver finished products, diesel and gasoline, to the Northeast and to the Southeast.
delivering fully oil reserve soon start
With the Reserve fully operational, we will be able to start delivering this oil as soon as tomorrow,