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
crude problems
The SPR was put in place specifically for this kind of an event, ... We now have, in some instances, problems with getting crude to some refineries.
deliver exchange oil plus tapping today
Technically it's called an exchange of oil that we deliver today and that we will get oil back plus some interest, if you will, in the future. We will be tapping that today.
amount beautiful design determination hard homes incredible knowledge power produce proud students
We should all be proud of what these students have accomplished, ... Through their ingenuity, their knowledge of design and engineering, and an incredible amount of determination and hard work, they have demonstrated that we can have it all beautiful homes, comfortable homes, and homes that produce all the power they need.
agreed energy markets prepared
They've all agreed and this is something that they're prepared to do to stabilize energy markets worldwide,
believe countries decision disruption historic member response result
The U.S. welcomes this historic and unanimous decision by member countries of IEA, ... I believe it is an appropriate response to the disruption that is occurring as a result of the hurricane.
delivering fully oil reserve soon start
With the Reserve fully operational, we will be able to start delivering this oil as soon as tomorrow,
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.
commitment less needs oil rather seem seems situation understanding
By and large, they seem to be understanding that we have a situation where there needs to be more oil rather than less oil in the world. There seems to be a commitment to it.
action add collective effort individual produce tremendous
Individual action from every American can add up to a tremendous collective effort and can produce significant results.
approved evening last later seeing
In a word. It is going to be done, ... Last evening it was approved and I think you'll be seeing an announcement about it later in the day. So we are doing everything we can to be responsive.
assessment hard return
How long before we return to normal? It's hard to know, because we have not yet got an assessment
available fuel rest
do everything we can do to get fuel available to the rest of the country.
disruption either forecast hard length likely motor point supply terms time
It is very hard at this point in time to forecast either length of time where there may be disruptions or where they will occur, ... But I think it likely to be that there will be some disruption in terms of supply of motor fuels.