1. Enron -The Next Teapot Dome?
A committee of the Senate first exposed the scandal, which revolved around the secret leasing of naval oil reserve lands to private companies, in 1924 after investigations by a non-partisan committee. ... 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. ... Sinclair (head of the Mammoth Oil Company), his attorney, Colonel J.W. ... 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...
- Word Count: 1545
- Approx Pages: 6
- Grade Level: High School