>>>"A new report from Wall Street research house Sanford C. Bernstein says that California actually could start producing new oil within one year if the moratorium were lifted. The California oil is under shallow water and already has been explored. Drilling platforms have been in place since before the moratorium."

A report from the real world would include whether or not California would have a say in the matter, it very unlikely that they would jeopardize their number one industry for a few more barrels of oil.