50 ordspråk av Samuel Bodman

Samuel Bodman

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There's plenty of oil to deal with this over the near term, five years. But if you look out over the next 20, 25 years, we expect demand to grow 50% to 120 million barrels a day. I wouldn't want to opine that's available, ... It could be, but I don't know.

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,

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.

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.

If we suffer major blows similar to the ones we had last year, we will face similar problems.

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

It is much better to have an effective working relationship with these countries and you cannot do that if you are suing them. Suing someone is a matter of last resort and it is not wise to sue someone if they are holding the ultimate tickets.

I do expect some issues. I have expected them for some time, but I do believe that we will see adequate supplies of ethanol available throughout our nation.

Clearly these very high oil prices cause great dislocations around the world, they are very painful, they are very painful in every quarter of the world. That is certainly true of my country.

It is important that we enhance the physical security of our facilities.

Our job is to get the infrastructure going again,

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.

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 department continues to review other requests as they come in,

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.

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