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
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,
conditions depending historic hope imagine market
It's an historic decision, ... Depending on what the market conditions are, I can imagine doing more but I would hope that we would not have to.
acute disruption energy expect few higher last prices severe weeks wisely year
The need to use energy more wisely is particularly acute this year because of the higher prices we expect to see, ... We have had a severe disruption in the last few weeks in the energy infrastructure of this country.
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This historic response is a remarkable signal of international solidarity in the face of the largest national disaster in America's history.
continues corners demand domestic earth far gas natural needed precisely production receive run time
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.
capacity couple delayed guess roughly starting
It's roughly 4% to 5% of the American refinery capacity will be delayed and starting up I would guess in another couple of months,
amount crude intentions maximum offer product provide refined versus within
The amount of refined product versus crude that they will offer has not been determined, ... Their intentions are to provide the maximum amount of refined product within their requirements.
came confidence enthusiasm increased level
I was very impressed, I have to say, by the capability, by the competence, by the enthusiasm displayed. I came back with an increased level of confidence that they would do what they said they would do.
advantage bad recognize
We recognize there are some bad actors that may be to take advantage of the situation,