Beware the Long Tail

You can’t trade off this, but his view about the oil spill being felt for a much longer time than we can imagine is probably very on target.

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One thought on “Beware the Long Tail

  1. You would think oil price goes up because of a major spill, but oil price went down from around $87 to $67, does this mean that oil spells create better oil reserves in the US? Shouldn’t this news pre amplify the coming hurricane season oil price?

    by the way, look at this list of oil disasters, if you think what is happening is something new, it reminds me of ‘black swan’ by Nassim Taleb:

    http://www.factmonster.com/ipka/A0001451.html

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