US Concerned About `Very High` Oil Prices-Bodman

Bush administration is concerned about `very high` crude oil prices.

U.S. Energy Secretary Sam Bodman on Wednesday said the Bush administration is concerned about "very high" crude oil prices but declined to say whether OPEC should take additional action to address them.

Speaking to reporters, Bodman said he has not discussed oil supplies with any OPEC officials "in the last couple of weeks," and declined to say whether he thought OPEC should call an emergency meeting to address record-high U.S. crude oil prices at $89 a barrel.

Asked if the United States needs to change its policy on emergency crude oil reserves, Bodman responded, "not at this time."