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.
In 1984, Spectrum 7 merged with
George W. Bush's
Arbusto Energy. 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
/ref>
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
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