Political Quotes

Ronald Reagan: Oil was worthless until entrepreneurs with ideas and the freedom and faith to take risks managed to locate it, extract…

On the recordJune 21, 1983
Oil was worthless until entrepreneurs with ideas and the freedom and faith to take risks managed to locate it, extract it, and put it to work for humanity.
Said by
Ronald Reagan
Republican · California

Editor's note · Context

Remarks at the National Conference of the National Federation of Independent Business

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Dec 7, 1988

I think he recognizes that their massive buildup has been responsible for the great economic crisis that he faces there in the Soviet Union.

presidency.ucsb.edu

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