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 reserves in Mexico the formation could yield about 425 million barrels. Oil reserves in Mexico As of 2007, the proven oil reserves in Mexico were . The US Energy Information Administration estimated Mexican proved reserves to be as of 2013. Mexico was the seventh-largest oil producer in the world as of 2006, producing of petroleum products, of which was crude oil. Mexican oil production has started to decline rapidly. The U.S. Energy Information Administration had estimated that Mexican production of petroleum products would decline to in 2007 and in 2008. Mexican crude oil production fell in 2007, and was below by the start