Question: What is the name of the oil company founded by George W. Bush?
Answer: Arbusto Energy
Bush used money left over from his education trust fund to establish the company in 1977, securing investments from Lewis Lehrman and William Henry Draper III, among others. Arbusto merged with rival Spectrum 7 Energy in 1984, with Bush retaining the positions of chairman and CEO. Two years later, Spectrum 7 was acquired by Harken Energy. In 1989, Bush organized a group of investors to purchase the Texas Rangers baseball team, funding his portion by selling Harken stock.
