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Teapot Dome Oil Field For Sale

The Wyoming federal oil reserve that was at the root of 1920s political scandal, is up for sale.

Teapot Dome (from postcard, circa 1922)

(CASPER) -- Teapot Dome, the Wyoming federal oil reserve that was at the root of a 1920s political scandal, is up for sale to the highest bidder.

The U.S. Department of Energy has hired Denver-based Meagher Energy Advisors to sell the Naval Petroleum Reserve No. 3, known as the Teapot Dome.

In 1922, Albert Fall, who was President Warren G. Harding's interior secretary, leased Navy petroleum reserves at Teapot Dome, near Casper, Wyo., in low, no-bid contracts.

Fall was convicted of taking bribes from the oil companies that received the leases, and the leases were returned to the Navy in 1927.


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