I have not verified this elsewhere:
“Vice President Albert Gore Jr.
....
did not mention that his recommendations to the president included a plan to give oil companies access to thousands of acres of oil-rich, publicly owned land that the U.S. Navy has held as emergency reserves since 1912.”
“...finally, on Oct. 6, 1997, the Energy Department announced that the government would sell its interest in the 47,000-acre Elk Hills reserve to Occidental Petroleum Corp. for $3.65 billion. It was the largest privatization of federal property in U.S. history, one that tripled Occidental’s U.S. oil reserves overnight. During the months after the sale, Occidental tripled the amount of natural gas extracted from the field.”
“Armand Hammer, who built Occidental Petroleum into the behemoth it is today...liked to say that he had Gore’s father, Sen. Albert Gore, Sr., ‘in my back pocket.’ When the elder Gore left the Senate in 1970, Hammer gave him a $500,000-a-year job as the chairman of Island Coal Creek Co., an Occidental subsidiary, and a seat on Occidental’s board of directors. By 1992, Gore [Sr.] owned Occidental stock valued at $680,000.”
“Hammer, who raised prize bulls, met the elder Gore at a Tennessee cattle auction in the 1940s. He put Gore, who was then a member of the House, on the payroll of his New Jersey cattle business.”
“In April 1968, Senator Gore stood by Hammer’s side when the industrialist officially opened his Libyan oil fields.”
“Two years after Gore left the Senate, Hammer placed him on Occidental’s board of directors, where he earned a much higher salary than he had as a U.S. senator.”
I have heard of this too, but have not researched to verify either. Where there is smoke there is usually fire.