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
Oil shale in Estonia Kiviter processing technology. Along with the shale oil extraction plant, an oil shale research laboratory was founded in 1921. Following the experimental retorts, the first commercial shale oil plant was put into operation on 24 December 1924. The German-owned company Eesti Kiviõli (, , predecessor of Kiviõli Keemiatööstus), affiliated with G. Scheel & Co. and Mendelssohn & Co., was established in 1922. By the end of the 1930s, it had become the largest shale oil producer in Estonia. Around the company's mine and oil plant, the Kiviõli settlement (now town) was formed in the same way as the Küttejõu settlement