Teapot Dome scandal Teapot Dome was regarded as the "greatest and most sensational scandal in the history of American politics". It damaged the reputation of the Harding administration, which was already severely diminished by its controversial handling of the Great Railroad Strike of 1922 and Harding's veto of the Bonus Bill in 1922. In the early 20th century, the U.S. Navy largely converted from coal to fuel oil. To ensure that the Navy would always have enough fuel available, several oil-producing areas were designated as naval oil reserves by President Taft. In 1921, President Harding issued an executive order that transferred control of
Oil reserves in Ghana with Vetro Energy and PetroSeraya of Singapore have declared interests to provide assistance in construction of offshore platforms and drilling rigs for Ghana's state-owned oil company, Ghana National Petroleum Company on rapidly developing Ghana's oil and gas infrastructure and industry as Ghana aims to further increase output of oil to 2 million barrels per day and gas to 1.2 billion cubic feet per day with an expected annual generating revenue of GH₵140.7 billion (US$65 billion) in 2014. Ghana is believed to have up to to of petroleum in reserves, which is the sixth largest in Africa and the 25th largest