Oilfield set aside for U.S. Navy 99 years ago goes to auction

GREENWOOD VILLAGE, Colorado (Bloomberg) -- The U.S. government wants to sell a naval petroleum reserve field first set aside by presidential decree 99 years ago to ensure fuel supplies for American warships. The Energy Department is seeking bids for the Teapot Dome field north of Casper, Wyoming, by Sept. 30, according to an offering document published on the website of Meagher Energy Advisors Inc.


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Oilfield set aside for U.S. Navy 99 years ago goes to auction Oilfield set aside for U.S. Navy 99 years ago goes to auction Reviewed by Crude Oil Facilitators on 01:05 Rating: 5

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