In-Class Exercise 3/26/14 - Oil vs. Gas

With risk comes innovation. The people who are afraid of risk, do not like to try to be innovative. They are afraid of failure because they do not have faith in people to do good. If you are innovative, can measure the amount that you can gain from all of the risk involved. If you want to stay with the standard that we are with right now, you would be in favor of deep and ultra-deep off shore drilling. This would be the route that we are sure of because it has been what we have been doing. If you want to be innovative and take risks, you would be in favor of transgenic technology and oil sand technology. These methods have not yet been implored. They are potentially dangerous, but if successful, they could bring a significant reward. Facebook bought Oculus VR for $2 billion. This is a great deal of money to be spent on something that only cost a company $75 million to make. Mark Zuckerberg is confident that this acquisition will end up making him money in the long run. He is the creator of the popular site, Facebook. If he feels Oculus will be beneficial to own, I will give him the benefit of doubt that he can turn this into a bigger product. Some frontiers in being innovative are that people have patents on certain aspects of technology that they might have to use to to make their own technology. Also, the amount of money needed to start up your own business is crazy high. In our work we should be going beyond the expectations that are required to make ourselves stand out. We should incorporate all of the possible technology that is available to us. By using these devices, we show that there is more digital technology that can boost how we share the news.