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 production and smuggling in ISIL to produce oil from those oil fields it controls. Estimates of the income ISIL derived from its oil operations vary. In 2014, Dubai-based energy analysts put the combined oil revenue from ISIL's Iraqi-Syrian production as high as US$3 million per day. An estimate from October 2015 indicated the production to be about 34,000-40,000 bpd that was sold at US$20–45 at the wellhead generating an income of US$1.5 million per day. Another 2015 estimate sets the monthly income as high as US$40 million. Various other reports indicated in 2015 that ISIS obtained 1.1 to 1.5 million dollars a day from selling