Edward L. Doheny prices were high. The Mexican Petroleum Company was the largest in Mexico, and Mexico was the largest oil producer in the world. In 1922 Albert B. Fall, U.S. Secretary of the Interior, leased the oil field at Elk Hills, California, to the Pan American Petroleum & Transport Company. Around the same time, the Teapot Dome Field in Wyoming was leased to Sinclair Consolidated Oil Corporation. Both oilfields were part of the US Navy's petroleum reserves. Neither lease was subject to competitive bidding. In 1924 rumors about corruption in the deals escalated into the Teapot Dome scandal. Doheny's reputation was somewhat
Predicting the timing of peak oil the most recent International Energy Agency and US Energy Information Administration production data show record and rising production in Canada and China. While conventional oil production from Canada is listed as peaking in 1973, oil sands production are expected to permit increasing production until at least 2020 - see also the graph "Canadian Oil Production". An ABC television program in 2006 predicted that Russia would hit peak in 2010, it has continued to rise through 2016. Predicting the timing of peak oil Peak oil is the point at which oil production, sometimes including unconventional oil sources, hits its maximum. Predicting