It is told as a third-person narrative, with only the opening pages written in the first person. The book was written in the context of the Harding administration's Teapot Dome Scandal and takes place in Southern California. It is a social and political satire skewering the human foibles of all its characters. The main character is James Arnold Ross Jr., nicknamed Bunny, son of an oil tycoon. Bunny's sympathetic feelings toward oilfield workers and socialists provoke arguments with his father throughout the story. James Arnold Ross (aka Dad), a self-made oil millionaire and his son, James Jr. ("Bunny") are introduced as they drive through southern California to meet with the Watkins family, who are leasing out some oil property they own. They find out that the family is deadlocked about how the properties and proceeds should be divided. While Dad and Bunny go quail hunting on the Watkins' goat ranch, they find oil.
