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 shale in Estonia (now district of Kiviõli) formed around the mine owned by Eesti Küttejõud. In 1924, the British investor-owned Estonian Oil Development Syndicate Ltd. (later Vanamõisa Oilfields Ltd.) purchased an open-pit mine in Vanamõisa and opened a shale oil extraction plant that was abandoned in 1931 due to technical problems. The Swedish–Norwegian consortium Eestimaa Õlikonsortsium (, ), controlled by Marcus Wallenberg, was founded in Sillamäe in 1926. New Consolidated Gold Fields Ltd. of the United Kingdom built a shale oil extraction plant at Kohtla-Nõmme in 1931. This facility continued to operate until 1961. In 1934, Eesti Kiviõli and New Consolidated Gold Fields