Here is something to chew on: For every $1.00 increase in the price of a barrel of
oil, it takes 6, count 'em, $6 BILLION of discretionary income out of the pockets of the U.S. consumer.
I like the Richard Hudgins anaylsis. Given that scenario, I am surpised old Arnold hasn't put a sales tax on real estate sales in 'ole California. No more deificts, for sure.