BP is still unsure of the cause

BP PLC Chief Executive Tony Hayward told a congressional panel Thursday that it's still too early to determine the exact cause of the Deepwater Horizon rig explosion on April 20 and subsequent oil leak, now in its 59th day.



Hayward repeatedly insisted that he "wasn't part of the decision-making" in the drilling of company's stricken well.

Waxman told BP's chief that he wasn't taking responsibility for the accident. "You're kicking the can down the road," he said.




To push aside responsibility is the worst possible thing to do in such circumstances. It's unconscionable.

You are now under much scrutiny from the public and the best thing to do is to take up all the blames and just deal with it. You are no longer hold the prerogative to circumvent on anything. It is now time to fully concentrate on what you did wrong and not try to run away from it.


It's flagrant that someone needs to step up and assure everything that everything is going to be okay. Amidst all these uncertainties, you should put the public at ease and not add up to their uneasiness.

On Wednesday, BP said it will establish the $20 billion escrow fund to compensate victims of the Gulf oil disaster and suspend $7.5 billion in dividend payments this year.


The $20 billion escrow fund does not even match up to BP's annual profit so I suppose it is nothing but a small price to pay. Definitely not a ground-shaking sum of money like what BP has mentioned.


Money can't solve all problems at the end of the day. They can't pay for the lives lost and the marine biodiversity sacrificed at the expense of the oil spill.


It is time to fortify the remaining of their wells before such things happen again.


Credits -marketwatch, -blogspot

Call of Duty: Black Ops

Compared to other games, combat shooters were drawing the most buzz by far at the E3 Electronic Entertainment Expo in Los Angeles. Fans are eagerly anticipating the debuts of titles like "Call of Duty: Black Ops," "Medal of Honor" and "Tom Clancy's Ghost Recon: Future Soldier" later this year. Other titles such as "Homefront" and "Bulletstorm" will hit the market early next year.

"The video game business tends to be on a two-year lag. Two years ago, publishers realized that 'Call of Duty' was this huge business that was bringing in a lot of revenue," said Jesse Divnich, analyst for Electronic Entertainment and Design Research, or EEDAR, a market research firm for the video game sector.

The above mentioned about the 2 year lag worries me. Look at the fashion industry, they usually introduce a collection prepared for 6 months later. For instance, they will showcase their winter collection around the period nearing May.


Consumers have to wait at least 6 months before they can get what they covet at the Fashion Show. By that time, all their passion and enthusiasm might have already been eroded.


Does it apply for the video game industry too? Perhaps you thought of buying it initially but as time pass, you lose your interest and you end up downloading the game or buying the pirated version of it. Or worst, you decide not to buy it altogether.


A precarious decision indeed. Perhaps, the video game industry will like look into this before everything goes haywire.

Torres of GameSpot said "Medal of Honor" and other shooters are unlikely to hurt "Call of Duty" sales. If the other games are good enough, gamers will still buy them even if they have bought "Call of Duty.'"



Credits -marketwatch