Spectrum 7 was an oil company started by

William DeWitt William Dewitt (1738 – July 18, 1813 ) was a South Carolina planter, lawyer, and politician who was a Captain in the American Revolutionary War. He was a Member of the South Carolina House of Representatives 6 years after the signing of the ...

and

Mercer Reynolds Mercer "Merce" Reynolds III (born June 17, 1945) is an American businessman. He was the finance chair of U.S. President George W. Bush's presidential campaign. Education and early career Reynolds, born in Chattanooga, Tennessee, earned a bachelo ...

. In 1984, Spectrum 7 merged with

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

Arbusto Energy Arbusto Energy was an oil and gas exploration firm started in 1977 by former U.S. president George W. Bush. In 1984, the company merged with Spectrum 7 Energy Corp. Company history Arbusto Energy was organized in 1977, but did not begin operation ...

. After the merger, Bush became the Chairman and CEO of Spectrum 7. According to

George Soros George Soros ( name written in eastern order), (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. , he had a net worth of US$8.6 billion, Note that this site is updated daily. having donated mo ...

, Bush's presence at Spectrum 7 made the failing company more attractive than it would otherwise have been.Soros adds to doubts on Bush business deals
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References

Defunct oil companies of the United States Petroleum in Texas George W. Bush Energy companies established in 1984 Non-renewable resource companies established in 1984 Defunct companies based in Texas {{US-energy-company-stub