Simpleton response, when you get that first well drilled off of the coast of California or Florida let me know.
There are a few as you know, but they haven't allowed any new ones in decades. They recently made a show of granting a permit for the first new one since forever, and then took it back a week or so later.
The oil is so close to the surface it gurgles up through the ocean floor and has for ten thousand years. But California sits bankrupt with double-digit unemployment and won't touch it.