Enron -The Next Teapot Dome?

Both Teapot Dome and Enron involved getting “kick-backs” or “contributions” from private investors in order to get something sought after. At Teapot Dome, there was a naval oil reserve set aside by the Taft Administration to provide naval ships with fuel in case of a national emergency. Soon after Albert B. Fall was appointed Secretary of the Interior, he sought to have jurisdiction over the naval reserve lands transferred to the Department of the Interior. President Harding agreed and authority over the lands shifted from the Secretary of the Navy to S

administration lobbied the Indian government on behalf of Enron to settle a dispute involving a power plant. Including calls from Vice President Cheney to an Indian official, the administration’s efforts intensified just as Enron’s financial condition became dreadful. In fact, President Bush’s National Security Council led a “working group” to help Enron resolve its problems in India. President Bush denied all ties to Kenneth Lay, ex-CEO of Enron. Enron allowed him to use a private jet during his presidency campaign. Also, President Bush replied “Ken who?” when asked about his ties to Kenneth Lay, when in fact, he and Kenneth Lay were such great buddies, that Lay was seen giving wedgies to the President in the oval office.

ecretary of the Interior. In December, 1921, Fall entertained Harry F. Sinclair (head of the Mammoth Oil Company), his attorney, Colonel J.W. Zevely, their wives, and several others at his ranch at Three Rivers, New Mexico: In the evenings, Sinclair and Zevely sat before Fall's ranch-house fire and discussed a lease to Sinclair of the entire naval reserve at Teapot Dome. Teapot Dome would be leased in its entirety, Sinclair would build a pipe line with adequate capacity from the Teapot Dome oil fields, and the proceeds from the Navy's share of oil from the reserve were to be used by Sinclair to build storage tanks on the Atlantic coast and fill them with fuel oil. By the time he was finished leasing the navy's reserves, Fall had given his two benefactors reserves, which were each estimated to be worth $100,000,000, and he had collected from them $409,000 in cash and bonds. The Enron scandal involved a great deal of “contributions” in order to get things done in their favor. Enron and its affiliates gave more than two million dollars in soft money contributions to Democrats and Republicans during the 1999-2000

Department have been in close cooperation and have been working, as they saw it, to carry out the purposes for which these naval reserves were created. “President Harding sent a presidential message to the Senate, asserting that the policy which has been adopted by the Secretary of the Navy and the Secretary of the Interior in dealing with these matters was submitted to him prior to the adoption thereof, and the policy decided

Some topics in this essay:
Teapot Dome, Secretary Interior, Democrats Republicans, Denby Finney, Capitol Hill, Warren Harding, California Senate, President Harding, Thomas McLarty, Bush ABC, teapot dome, secretary interior, naval oil, teapot dome scandal, kenneth lay, secretary navy, navy secretary, oil reserves, enron received, navy secretary interior, enron scandal, oil reserve, secretary navy secretary, naval oil reserve, naval oil reserves,