Energy chief: Flat production behind oil prices

Nations should fight rising oil prices by cutting subsidies and vastly increasing investment in energy, while oil-producing countries need to ramp up output and divulge more information about how much they produce, the U.S. energy secretary said Saturday.

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Bodman rejects releasing government oil

Energy Secretary Samuel Bodman on Thursday rejected a call by some members of Congress to release oil from the government's emergency stockpile, saying oil is needed to respond to future supply emergencies and not to influence prices.

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Govt. Plans to Divert Oil Into Reserve

Energy Secretary Samuel Bodman on Thursday defended plans to divert oil into the federal emergency reserve, although he acknowledged that tight supplies likely are one reason for surging crude oil prices.

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Caracas, October 11, 2006 (Venezuelanalysis.com)—U.S. Energy Secretary Sam Bodman told Reuters yesterday that he had no objections to Venezuela's discounted heating oil program and wished more companies would follow suit. Similarly, U.S.

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