Thursday, June 3, 2010

Spectrum 7 and George Soros
EXCERPT:
Spectrum 7 was an oil company started by William DeWitt 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.

In 1986, after reporting a net loss of $1.5 million the previous year, Spectrum 7 was purchased by Harken Oil and Gas for $2.2 million[citation needed], at the time one-third owned[citation needed] by noted investor George Soros.

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