George Bush Sr. on Energy & Oil
President of the U.S., 1989-1993; Former Republican Rep. (TX)
George neglected to mention the pot of gold that "Uncle Neil" had promised him at the end of the rainbow. According to his brother Prescott, Neil Mallon had told George before he started at Dresser: "You'll have a chance to run the company someday."
"There wasn't anything subtle or complicated about [our move to Texas]," George admitted at the time. "We just wanted to make a lot of money quick." Some people saw it as nothing more than George relocating "to work for his father."
On this issue, Prescott voted principle over purse. The negative effect on a member of his own family did not change his decision. Unfortunately, the father's political template would never become the son's. Unlike his father, George needed to be liked by everyone rather than be respected. That left no room for taking an unpopular stand, even if it meant doing the right thing for his constituents.
George began his serious ascent toward financial success from 1955-1959, running Zapata Offshore Company. George paid himself a salary of $30,000 ($192,000 in 2004) a year. His biggest responsibility during those years was chasing money. Zapata Offshore started with a $1.5 million stock offering. Among the stockholders were most of George's Skull and Bones class from Yale. George thought the treasure of the oil business lay in foreign offshore drilling. In 1959 George decided to move his family and Zapata Offshore to Houston to be closer to the Gulf of Mexico.
This strategy relies on the magic of the marketplace, the resourcefulness of the American people, and the responsible leadership of industry &
Some have pushed for radical measures to reduce oil imports and reduce our dependency, measures that, in my view, would hurt American industries and jobs and consumers. So, we've got to act with care; but it is our firm belief that we've g comprehensively. And our energy strategy strikes a balance. We've encouraged the use of a whole range of environmentally sound fuels like ethanol, methanol, electricity, propane, and certainly, encouraging the use of more clean burning natura
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George W. Bush(R,2001-2009)
George Bush Sr.(R,1989-1993)
John F. Kennedy(D,1961-1963)
Past Vice Presidents:
Natural Law Party