Market seems to be overlooking statement from most recent presentation that BBEP deep reserves in California field could amount to a billion barrels of oil!
One good earthquake could fix lot of America's problems. Then Nevada could allow offshore drilling and recover all that oil.
Mainly because California hates fossil fuel. CA will choke on it before they let you drill for it....
sinfuel, California is now dead last in term of financial well being, dead last and heavy in debt, so, who knows, a new Future Governor later on may allow anything for money to save the State.
Sentiment: Strong Buy
They also badly need the tax revenue.
Will not be too long before they do let drilling in.
we need to not sell california any gas unless it is drilled and produced in that state and see how long they quit allowing fossil fuels.