Saudi California

California is sitting on oceans of oil.  You've heard me say it here, when they sink too far into the fiscal abyss they'll start drilling for all that oil, big time.  It's the only way they'll be able to pay their bills.  Are they there yet?  Hard to say.  A few more years of sliding into the fiscal hole and a few more years of fading global warming hysteria, and they'll get there alright.