Samuel Bodman Quotations

We are prepared to do what is necessary with regards to the strategic reserves,

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,

There are concerns about the supply of natural gas,

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.

With the Reserve fully operational, we will be able to start delivering this oil as soon as tomorrow,

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.

Many oil producing countries do not operate in a manner consistent with U.S. federal law, but they are not based here.

I would expect there to be some decline in price but that is a function of the marketplace,

I believe that the people who run the private sector, who run these companies, they do have children, they do have grandchildren, they do live and breathe in the world. It's a matter of working with the leadership of these companies and seeking their participation.

certainly help those companies and those refineries to function, whereas they wouldn't be functioning without a supply of crude oil.

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.

Just by applying this technique to the oil fields of Western Canada we would see billions of additional barrels of oil and a reduction in CO2 emissions equivalent to pulling more than 200 million cars off the road for a year,

Our job is to get the infrastructure going again,

Over the next few days, we will continue to gain more information on the specific needs and then be able to make a better determination on how we can help,

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.

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.

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.

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.

We have all but four refineries now back on stream and functioning,

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,

We recognize there are some bad actors that may be to take advantage of the situation,

We are mindful that the affected region contributes a significant amount of our oil, gas, and refined product supply.

The department continues to review other requests as they come in, ... This administration has been clear that SPR is a national asset that can be used in times of supply distribution, like a natural disaster.

The department continues to review other requests as they come in,

We are working with major suppliers and the IAEA on a back-up supply mechanism for states that forgo investment in indigenous enrichment or (plutonium) reprocessing capability,

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,

We've had a very severe pair of episodes, they have damaged the (energy) infrastructure,

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.

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.

As the world's largest producer and as the world's largest consumer, our two countries have a special relationship. We are, at least in certain respects, partners.

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.

These companies are turning in record profits they have a responsibility to expand,

The situation we are facing is a very different one than we faced in the past ... in the Carter administration, ... This is in response to significant damage that has been done to the country's energy infrastructure.

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.

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.

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.

They've all agreed and this is something that they're prepared to do to stabilize energy markets worldwide,

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.

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,

do everything we can do to get fuel available to the rest of the country.

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,

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,

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.

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.

Individual action from every American can add up to a tremendous collective effort and can produce significant results.

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.

By utilizing the resources from the Strategic Petroleum Reserve, we will help minimize any potential supply disruptions as a result of the hurricane.

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.

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.

How long before we return to normal? It's hard to know, because we have not yet got an assessment

This historic response is a remarkable signal of international solidarity in the face of the largest national disaster in America's history.

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.