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
History of the oil shale industry in the United States the norm. But in the late 1850s, those positions were reversed. By 1859, when some venture capitalists hired Edwin Drake to drill for oil in western Pennsylvania, the oil shale industry was well established, and it was the idea of drilling for crude oil that was unproven. Petroleum distillation had been going on in the US at a small scale since 1851, when Pittsburgh, Pennsylvania salt manufacturer Samuel Kier began taking the petroleum which was fouling his salt wells, and distilling it in a five-gallon still into lamp oil which he sold to coal miners. Kier never patented his distillation