Schwarzenegger in the Obama Administration?

We won't believe it until we see it, but this rumor keeps popping up:

Speculation is swirling that Schwarzenegger will be offered the role of energy czar in the incoming Obama administration. There has been Beltway chatter about the prospect ever since he was named as a contender for the job by the authoritative politico.com website.

If he did accept the post before the end of his two remaining years as governor, Democrat John Garamendi would be elevated from Lieutenant Governor to Governor. We don't believe it, but it wouldn't upset us in the least.