1924 United States presidential election in Utah 1924 United States presidential election in Utah The 1924 United States presidential election in Utah took place on November 4, 1924. All contemporary forty-eight states took part, and Utah voters selected four voters to the Electoral College, who voted for president and vice president. Rapid recovery of the economy from a sharp recession following World War I transformed the 1920s into a strongly Republican decade. Even the problematic issue of a farm depression had eased by the time of the election as prices recovered. It was also widely thought that the Teapot Dome scandal could do nothing to revive the
History of the oil shale industry in the United States of its value, falling from US$3.50 at the start of 1921, to US$1.25 at year-end. Imported oil peaked at 127 million barrels in 1923, then dropped by more than half, to 62 million in 1925. The drop in oil price, and the increased production from new fields, put a damper on speculation that the US was about to run out of oil. Oil shale could not economically compete with petroleum priced below US$2 per barrel, especially given that the productive shale areas were far from major petroleum markets. Cheap petroleum prices had driven oil shale out of business. Some companies