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Denver Company Hired To Sell Teapot Dome Petroleum Reserve

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"Teapot Dome" originally acquired its name from a rock nearby which resembled a teapot (credit: rmotc.doe.gov)

“Teapot Dome” originally acquired its name from a rock nearby which resembled a teapot (credit: rmotc.doe.gov)

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

The Denver Post reports 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 and 1923, 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.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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