The day of reckoning he’s talking about hasn’t come yet; but if the big one doesn’t come first, the eventual skyrocketing gas prices will do it, I’d bet.

(By the way, the wierd thing about California’s push for Electric Vehicles etc., is that Southern CA residents at least couldn’t care less what their cars run on, as long as they’re cheap and the freeways are subsidised. So gas will rule for a while yet. Plus any concessions to the environment are way off the menu while the state is broke.)