161 comments on How Periodic Are the Oil Price Fluctuations?
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mh497 on September 23, 2006 - 1:28am
Speaking of fat tails, should we maybe take a moment and recognize that a guy just blew away $6 billion on a bet with probably a similar prediction curve such as this for natural gas futures.
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BrianT on September 23, 2006 - 12:12pm
Yep. His big mistake was sticking to his guns and adding to his positions even as the tsunami came closer. One other note: I don't think anyone has commented on the "pull" the crash in NG prices has had on crude (the two are somewhat correlated in price).I would not be surprised if the crude/NG ratio is at an all-time high.
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161 comments on How Periodic Are the Oil Price Fluctuations?
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