Tuesday, June 1, 2010

At what point do we stop calling it a "spill"?....

Our old friends from NAI Global weigh in on the impact of
the BP's Gulf of Mexico oil well failure on real estate values

Short term impact- perceptions matter. Long term impact-
it is too early to tell, as noted below:

"Far too many variables play a role in predicting the
coastline(s) that will be affected by the spill. I have read
that the Loop Current is so strong that it could pull the oil
from its current path and bring it up the East Coast, to as
far north as the Carolinas. One thing is for sure, this is not
a passing problem."

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