"In 2022, California was the seventh-largest producer of crude oil among the 50 states, and, as of January 2022, the state ranked third in crude oil refining capacity. "
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
https://www.morningstar.com/funds/what-doubters-get-wrong-about-6040-portfolio
What the 60 percent stock portfolio and the 40 percent bond portfolio helps your portfolio