George W. Bush Quotes
You can imagine these radicals getting a hold of a country where they're able to pull oil off the market to run the price of oil up to extract concession.
Bush, George W. "Remarks on the Global War on Terror in Atlanta, Georgia." Public Papers of the Presidents of the United States: George W. Bush, 2006, Book 2, United States Government Printing Office, 2007, p. 1608.
At the time, the Russian economy was dominated by and dependent upon their exports of oil and natural gas. The rest of the economy was relatively weak.
The “regulation” to which Franklin objected was not the type of regulation we have today. It was generally limited to the granting of monopolies to individuals or their companies if they would institute a service that was perceived as beneficial by the public as a whole. For example, a company might build steamboats and provide regular service across a river or along it. The company would argue that the initial cost and investment is so great, that they are entitled to a period of protection so that they can be sure of getting their investment back. In most cases, they would have made the investment, monopoly or not, and in many cases the public officials are unsophisticated and make a bad deal; in others there was (and is) outright corruption. Countries like Norway, have been so burned by the problem Franklin observed, that they try to avoid even government monopolies of service. They for example, have private and public light rail commuter lines which continuously compete against each other.
George Walker Bush is an American politician and businessman who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush previously served as the 46th governor of Texas from 1995 to 2000. He was born into the Bush family; his father, George H. W. Bush, was the 41st president of the United States from 1989 to 1993.