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Frontline Ltd. Message Board

barbershores 227 posts  |  Last Activity: 7 hours ago Member since: Oct 15, 2005
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  • Increasingly, High-Deductible Health Plans Weigh Down Employees

    nytimesDOTKOM/2014/09/02/business/increasingly-high-deductible-health-plans-weigh-down-employees.html?partner=yahoofinance&_r=0

    "“It is one of those things that really hurt, and I thought I should go to urgent care,” said Ms. Maina, 27.

    But she ultimately skipped the visit since she had not met the $6,000 deductible on her health plan, and she knew she probably did not have much left in her health savings account, a type of tax-advantaged savings vehicle that is often used with high-deductible plans to help defray out-of-pocket costs.
    ------------------------------------------------
    I cannot believe this article shows up in the NY times. A picture of Ms. Maina, with a band-aid on her finger. Complaining that her insurance wouldn't cover the thousands of dollars of expense it would have cost at an urgent care facility.

    Some soap and water, some neosporin, a bandaid, some ibuprofen, and a couple of glasses of wine just saved the medical system thousands of dollars. The nail "will" come back. I've done it at least a dozen times in my life.

    Yeah, high deductible insurance plans do their job. If she really thought she needed it, she could have paid for it out of pocket. But she didn't. Why? Because if she doesn't really need it, she will only get it,
    IF SOMEONE ELSE IS PAYING FOR IT.

    Want to cut medical costs. Have everybody suck it up a little bit instead of being such babies.

    This high deductible plan did not "weigh her down" as the headline indicated, it freed her.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS It's only going to get hotter

    by barbershores Aug 31, 2014 10:56 PM
    barbershores barbershores 9 hours ago Flag

    Hi Mr. Dan,

    We can seed clouds to force rain in specific areas. I don't know how effective this might be or what unintended consequences may be caused, but we actually have some tools to work with.

    Then, as it gets warmer and warmer, all the air conditioners running pulling moisture out by condensation. We could recapture that. In some climates a home central air system would generate many gallons per day.

    Just thinkin out loud here.

    Just my take.

    Best of luck,

    Barbershores

  • barbershores barbershores 9 hours ago Flag

    When Mr. Obama was first elected, I feared that his naivete' would cause him to do as he promised during his candidacy, and once elected, immediately remove all of our troops from Iraq.

    I gave Mr. Obama a lot of points for holding off on doing anything for quite awhile, then slowly reducing our troop count.

    Then Mr. Obama had made some agreement with the new government of Iraq, that they had a say in determining what conditions would have to be enforced for us to stay in Iraq.

    That government's insistence that US military forces and government security contractors be allowed to be charged criminally or sued, was used as a tool by Mr. Obama to justify a complete pull out of Iraq.

    Mr. Obama moved all US troops out, leaving behind both a political and military vacuum which has been filled by sectarian exclusion and the more recent construction of the caliphate.

    In pretty much everything the man has done, it has been done with a high degree of naivete'.

    Instead of leading America, the man has chosen to use any emergency as justification to further his personal, ideological, and party agenda.

    Mr. Obama's beliefs which have formed his agenda and plan to action, probably was formed some time during his junior high school years judging by his apparent lack of sophistication and lack of understanding of how the world in which we live works.

    I can go on and on, but this in Iraq, his involvement in Syria, his involvement in Ukraine, would lead any open minded individual to conclude that Mr. Obama is naive.

    Then, there is his selections for secretary of state, the government agency that spearheads US international policy. Hillary Clinton, and John Kerry. They were chosen purely as political payment. If one were to draw up a list of the 1000 Americans best qualified for the position of secretary of state, neither of these two names would appear on it.

    To many in this country, me merely calling Mr. Obama naive, would be considered charitable.

    JMT

    BOL

    BS

  • Ferguson police now wearing cameras: How much might that help?

    news.yahooDOTKOM/ferguson-police-now-wearing-cameras-much-might-help-135555285.html

    "The shooting death of unarmed black teen Michael Brown by a Ferguson police officer on Aug. 9, as well as the sometimes-violent protests that followed, raised deep questions about race and justice in America. Protesters point to a culture that they say devalues the lives of black youth, making white cops less hesitant to pull the trigger. Defenders of police officers say they do their best in threatening situations fraught with uncertainty.
    -------------------------------------
    The only way this will work is if there is a camera pointed at the face of the police in addition to the perp.

    Then it will be easy to tell if an illegal racist act is being committed.

    If the person being shot/arrested is black, and the police officer committing the crime is white, then it will be easy to tell that the crime is racist, and as a hate crime, justifies corporal punishment.

    If the perp, and the police officer are both white, then of course, it doesn't matter.

    If the perp is white, and the police officer is black, of course, it would be impossible for it to be a racist act.

    If both the perp and the police officer are black, it's 50/50 that it is a racist act because of the Uncle Tom laws soon to be implemented.

    Special rules will have to be developed for Asians, Indigenous Americans, hispanics, and other ethnicities, though if any of these are the police officer, and the perp is black, it will always be considered a racist act.

    With time, and the proper set of cameras, we will finally be able to eliminate racism from America's streets.

    Just my take.

    Best of luck,

    Barbershores

    papers.ssrnDOTKOM/sol3/papers.cfm?abstract_id=1632014

  • Reply to

    OT BS Hawaiian electric on track

    by barbershores Aug 28, 2014 10:07 AM
    barbershores barbershores 12 hours ago Flag

    Hi Mr. Dakine,

    From your post: "I don't know what you are trying to postulate"
    --------------------------
    I am not trying to postulate anything. I find it interesting that you think I am. Your statement says a lot more about you than it does about me. Some day, you might actually come to understand this. I am just trying to help you out here pal.

    All I am doing is looking at the articles and information available regarding the state with the highest electrical energy costs.

    The islands of Guam and Puerto Rico are similar in that they have to produce all of their own electricity, plus multiple redundancy since there are no other options to bring in electricity from out of state.

    All 3 of these islands have similarities. Expensive power, additional capital expenditures to cover redundancy, a major reliance on oil to produce most of their electricity, a great potential for users to reduce their costs with solar.

    Puerto Rico's rates are lower than Hawaii, but, they do not have the money to pay for the capital used for the grid. So, the local power company is on the verge of bankruptcy when they fail to make their bond payments. Also, they have nowhere near the level of redundancy that Hawaii has and due to that, it is normal to have black outs in areas that last several days.

    Another issue in Hawaii, and to some extent both Guam and Puerto Rico perhaps, is that the power companies are realizing that high levels of solar is costing non solar users to have much higher bills. Also, they are all looking to lower costs by switching form oil to liquified natural gas.
    Both of these I had written about in the past, and it looks like to me like the Hawaiian power companies certainly have a good grasp of the practical realities of energy production.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS It's only going to get hotter

    by barbershores Aug 31, 2014 10:56 PM
    barbershores barbershores 13 hours ago Flag

    Hi Mr. Dan,

    I have been reading about how important water vapor is.

    There are 2 additional problem other than carbon-dioxide, that for some strange reason, the global warming alarmists aren't publishing.

    When fossil fuels are burnt, it is true that carbon-dioxide is generated, and released into the atmosphere. But, there are two other products of this combustion that don't appear to even be discussed. Water and heat.

    Fossil fuels + Oxygen + ignition source = carbon-dioxide + water + heat

    All the focus is on the carbon-dioxide. Water and heat are ignored.

    For every mole of carbon-dioxide generated, approximately 1.3 moles of water is produced. For natural gas, it is a 1:2 mole ratio. For coal or heavy oils the ratio gets closer to 2:3.

    For every million tons of carbon-dioxide released, approximately 0.75 million tons of water is generated.

    The latest on the rising of sea level is about 7 1/2 inches since the year 1900. But, nowhere in any of the discussions I have read, does it mention the amount of water produced from the combustion. They claim, make it look, like all of it is from ice melting caused by global warming. By my rough initial calculations, about 2" of that is from water produced from the combustion of fossil fuels. That's about 27%.

    So, whatever models they are using to predict future sea level rise from melting ice, is already off by a significant percentage because they aren't including one of the major contributors, the fact that every year there is actually more H2O on the planet than there was the year before.

    I haven't done any calculations with the heat produced yet. Maybe one day I will get around to it.

    Just my take.

    Best of luck,

    Barbershores

  • barbershores barbershores 13 hours ago Flag

    It looks like Jimmy Carter might be in agreement.

    inquisitrDOTKOM/1443914/jimmy-carter-under-scrutiny-over-keynote-speech-for-islamic-organization/

    "Jimmy Carter is drawing anger from conservatives by refusing to cancel a keynote speech for an Islamic organization."

    "ISNA has had legal troubles in the past. In 2007, the Justice department labeled the group as an un-indicted co-conspirator and member of the U.S. Muslim Brotherhood and implicated the group in a plot to funnel $12 million to Hamas. ISNA denied the accusations and asked for the designation to be removed, but a federal judge said there was ample evidence to confirm that members of Hamas’ fundraising wing operated from within ISNA.

    The legal case left a stain on the reputation of the group, but part of the most recent controversy may rest in Jimmy Carter’s views on the middle east.

    Ex-President Carter wrote an op-ed for Foreign Policy magazine where he called on Western government’s to recognize Hamas as a “legitimate political actor.”
    The opinion piece was a major break for conventional U.S. policy. The State Department labels Hamas as a terrorist group. And the Hamas convention is not only riddled with antisemitism, it calls for the destruction of Israel."
    ------------------------------------------------
    Funny that the two most naive presidents of the US are following this line of reasoning.

    Just my take.

    Best of luck,

    Barbershores

    Read more at http://www.inquisitr.com/1443914/jimmy-carter-under-scrutiny-over-keynote-speech-for-islamic-organization/#IYyYO4sdcJdQvZ2Z.99

  • No more pause: Warming will be non-stop from now on

    newscientistDOTKOM/article/dn26122-no-more-pause-warming-will-be-nonstop-from-now-on.html#.VAPb6PldVQg

    "Enjoy the pause in global warming while it lasts, because it's probably the last one we will get this century. Once temperatures start rising again, it looks like they will keep going up without a break for the rest of the century, unless we cut our greenhouse gas emissions."
    --------------------------------------
    So, if we cut our greenhouse gas emissions 1%, will it get cooler?

    No, of course not.

    How about if we cut our greenhouse gas emissions a lot, like10%, will it get cooler then?

    Nope, that's not nearly enough either.

    How about a huge 50% cut. If we cut our greenhouse gas emissions 50%, that would have to make it cooler right?

    Nope, not even close to enough.

    Well then smarty pants, how much would we have to cut?

    We would have to cut our generation of greenhouse gas emissions over 99.9% in order to stop global warming.

    But reading article like this one, or listening to Mr. Obama or Mr. Gore, would lead one to believe that all we have to do is turn down our thermostats, buy a prius, and put up some solar panels and this problem will go away.

    Not even close to the truth.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS Hawaiian electric on track

    by barbershores Aug 28, 2014 10:07 AM
    barbershores barbershores Aug 31, 2014 9:47 PM Flag

    Another article on Hawaiian electric.

    Hawaii’s Largest Utility Announces Plan To Triple Rooftop Solar By 2030

    thinkprogressDOTORG/climate/2014/08/27/3476343/hawaii-triple-rooftop-solar-2030/

    “Our energy environment is changing rapidly and we must change with it to meet our customers’ evolving needs,” Shelee Kimura, HECO’s vice president of corporate planning and business development said in a statement. “These plans are about delivering services that our customers value. That means lower costs, better protection of our environment, and more options to lower their energy costs, including rooftop solar.”
    While the plan’s intentions may seem noble on their face, the package was actually released in response to an order from Hawaii’s energy regulator in April. That order required HECO to devise a plan for accommodating more renewables, including rooftop solar power, while reducing electricity costs. Those orders stemmed from Hawaiians’ growing frustrations with HECO, the state’s largest investor-owned utility, which had allegedly been making it very difficult for citizens to install their own solar panels.
    Those frustrations are even more pronounced because Hawaii’s electricity bills have been historically been the highest in the nation, and many residents have turned to solar to mitigate some of the costs. At the same time, as more people installed solar panels in Hawaii and bought less electricity from the utilities, HECO began passing off its increased costs to solar power users, according to a PV Magazine report.
    -----------------------
    Best of luck,

    Barbershores

  • bloombergDOTKOM/news/2014-08-29/tanker-of-kurdish-oil-in-legal-fight-remains-off-texas.html

    That should reduce the tanker glut just a bit. lol

    "Tanker of Kurdish Oil in Legal Fight Remains Off Texas"

    A tanker carrying 1 million barrels of disputed Kurdish oil remains off Texas, according to the vessel’s operator.

    The United Kalavryta, which left Ceyhan, Turkey, on June 23 and arrived off the coast of Galveston July 26, couldn’t be detected earlier this week, with no updates from the tanker’s Automated Identification System’s transponder from early Aug. 26 until today.

    The tanker is caught up in a protracted legal fight in Iraq over rights to Kurdish oil production and billions of dollars in overdue payments claimed by the Kurds. The U.S. government recognizes Kurdistan as part of Iraq. While a federal judge this week lifted an order that had authorized the seizure of the cargo if it came into U.S. waters, Iraq has more legal options available.

    “The M/T United Kalavryta is still anchored off Galveston awaiting charterer’s discharge orders,” Lygia Pirounaki, a spokeswoman for Marine Management Services M.C. of Piraeus, Greece, said today in an e-mail.

    Three companies that offer lightering services to tankers too big to come through the Houston Ship Channel said they haven’t been hired to offload the oil onto smaller ships. The firm originally hired for the job, AET Inc., said in a statement in late July that it would not be providing the service.

    Best of luck,

    Barbershores

  • news.yahooDOTKOM/booming-electric-car-sales-under-fire-norway-042436819.html

    Booming electric car sales under fire in Norway

    Oslo (AFP) - Ministers in Norway -- a major and rich oil-producing country -- are under increasing public pressure to reduce perks and tax breaks for booming electric car sales.

    "It's become a problem," said Erik Haugstad, a bus driver in the Oslo region who complains about the numerous electric cars clogging bus lanes, which they have the right to use in Norway.

    The cars are also exempt from urban toll payments or fees at public parking spaces, where they can recharge batteries without cost.

    But above all, they are exempt from Norway's sky high sales taxes and VAT.

    Norway brought in the generous incentives to cut back on greenhouse gas emissions from traffic, which accounts for 10 percent of total emissions in the Nordic nation.

    The policy has been so successful that 32,000 electric cars are now on the road -- by far the highest rate per capita in the world, in a country with a 5.1 million population.

  • Reply to

    OT BS Hawaiian electric on track

    by barbershores Aug 28, 2014 10:07 AM
    barbershores barbershores Aug 31, 2014 1:23 PM Flag

    Utah has decided to continue having neighbors subsidize solar power.

    http://finance.yahooDOTKOM/news/panel-rejects-fee-solar-homes-220341180.html

    SALT LAKE CITY (AP) -- Advocates of renewable energy are hailing the rejection of Rocky Mountain Power's request for a new fee for residential rooftop solar panels in Utah.

    They're calling the Utah Public Service Commission's decision on Friday a victory for clean air and energy as well as consumer choice.

    Rocky Mountain wanted to charge residential customers with solar panels a $4.65 monthly fee to cover its distribution costs of energy for times when solar is not putting power in the grid.

    But the commission ruled the utility failed to prove the fee was justified.

    "What a bright day for Utah's future," said Sarah Wright, executive director of Utah Clean Energy. "This order protects energy choice in Utah, and recognizes the potential solar has to benefit all Utahns."

    The utility hopes the commission revisits the issue, Rocky Mountain spokesman Dave Eskelsen said. The company argues such residential customers are not paying their fair share of its fixed costs to maintain the power system.

    "It is a little disappointing that the commission did not take at least an interim step," he told The Salt Lake Tribune. "We understand that emotions are running high. We look forward to participating in the accumulation of more information."

  • washingtonpostDOTKOM/news/capital-business/wp/2014/08/29/energy-start-up-that-developed-artificial-leaf-is-acquired-by-lockheed-martin/

    "Sun Catalytix was founded in 2009 by Daniel Nocera, a former Massachusetts Institute of Technology chemistry professor, who now runs a research laboratory at Harvard. It received a $4 million contract from the Energy Department in 2010 and a $9.5 million round of funding from Indian company Tata Ltd. and Polaris Ventures the same year.

    The start-up gained attention for developing technology that used inexpensive materials to split water molecules and generate renewable energy, known as the “artificial leaf.” Here’s a video of Nocera explaining how it works:"

    "In recent years, the company turned its attention to energy storage, and has since created a low-cost flow battery, which is a type of rechargeable battery.

    The start-up’s work on the flow battery was what made it attractive to Lockheed Martin, said Joe Stout, a company spokesman. Lockheed plans to use the technology in its microgrid, which is a small-scale network that can manage energy usage on facilities such as a military or nuclear base, Stout said."
    ----------------------------
    One potential system which might eventually provide an on site energy self sufficient power source, which would not require the grid.

    This would be a game changer. Because, the economics would stand on it's own, without being a "new cost plus existing grid cost" paradigm system such as current solar voltaic is.

    Just my take.

    Best of luck,

    Barbershores

  • barbershores by barbershores Aug 31, 2014 12:25 PM Flag

    valuewalkDOTKOM/2014/08/us-railroads-move-crude-oil-amid-drilling-boom/

    "U.S. railroads are moving greater volumes of oil this year as the American shale drilling boom keeps churning out fossil fuels. Nine percent more crude oil and refined products traveled by rail from January to July than in the same period in 2013, according to industry statistics.

    The increase reflects rising U.S. crude oil production, which hit about 8.5 million barrels a day in June for the first time since July 1986, the U.S. Energy Information Administration (EIA), a federal statistics agency, said in an update Thursday.

    Among those rail shipments, crude oil in particular hogged a higher number of rail cars in the first seven months this year. More than half of the nearly 460,000 rail carloads moving petroleum liquids were carrying crude, up from around 3 percent in 2009, according to the Association of American Railroads."
    ------------------------
    Best of luck,

    Barbershores

  • Reply to

    Seeking Alpha Artcle says FRO done

    by rami36 Aug 31, 2014 9:45 AM
    barbershores barbershores Aug 31, 2014 11:57 AM Flag

    Hi Mr. Rami,

    I expect that JF "will" pull a rabbit out of his hat once again. However, I don't think it likely to help the current share holders.

    In the past, JF pulled the rabbit out of his hat over and over generating many tens of millions of dollars in profits for shareholders. As a shareholder himself, he personally earned many millions which he received and kept in the form of dividends.

    The high dividend days of past are over.

    JF is still looking for opportunities to improve his financial situation. But, without profits and dividends from Frontline, I expect it unlikely that anything he will come up with will be shared with other shareholders. But, I am certain he will come up with a plan which helps himself.

    It's simply in his blood.

    Just my take.

    Best of luck,

    Barbershores

  • With recent fed policy, and recent US international policy, this was probably inevitable. This new trend will not be good for the US dollar. It will eventually be good for precious metals.

    examinerDOTKOM/article/petro-dollar-era-is-officially-over-as-gazprom-begins-sales-yuan-and-rouble

    "Aug. 27 will officially go down as a red letter day in the history of reserve currencies and dollar hegemony in how oil and gas are purchased throughout the world. In a new announcement from the Russian business media source, Kommersant, Gazprom has conducted the first sale of oil in a currency other than the dollar, and will henceforth open their purchase window to accept both Rouble and Yuan for the exchange of oil and gas products."
    -------------------------------------

    Best of luck,

    Barbershores

  • Sheesh, I just thought him somewhat naive for completely pulling out of Iraq.

    EX-CIA employee admits President Obama is a radical Islamic enemy of America

    examinerDOTKOM/article/cia-now-admits-that-president-obama-is-a-radical-islamic-enemy-of-america

    "Today, a former CIA agent bluntly told the newspaper, World Net Daily, that America has switched sides in the war on terror under President Obama. Clare Lopez was willing to say what a few members of Congress have said in private, but declined to say on-the-record."

    "Lopez said the global war on terror had been an effort to “stay free of Shariah,” or repressive Islamic law, until the Obama administration began siding with such jihadist groups as the Muslim Brotherhood and its affiliates. Lopez believes that the Muslim Brotherhood has thoroughly infiltrated the Obama administration and other branches of the federal government. One of the most outrageous of those appointments is Mohamed Elibiary, a senior member of the Department of Homeland Security Advisory Council. According to a report by the Center for Security Policy, Elibiary supports brokering a U.S. partnership with the Muslim Brotherhood terrorist group. Two months ago, a firestorm erupted online after Elibiary tweeted that a “Caliphate” is inevitable and compared it to the European Union."
    -------------------------------------------

    Keep your head down.

    Best of luck,

    Barbershores

  • Reply to

    FRO hedge?

    by scs_dan Aug 30, 2014 11:38 AM
    barbershores barbershores Aug 31, 2014 11:19 AM Flag

    Hi Mr. Dan,

    I see your point. My understanding is that SFL today enjoys significant profit by skimming off of Frontline. If it were to pick up those tankers at market prices, they would lose that skim profit. I think this would be a negative for them.

    for 2012, they are focused today on lower operating cost tankers. Picking up FRO's tankers at market prices probably won't help them but would likely dilute profits. Cash flow numbers might rise, but profit would likerly fall.

    It's still a cruddy, yddurc market,

    So, whomever gets the ships at market prices is probably screwed.

    I am still thinking that JF is working the angles to pick up the tankers at below market prices by buying up the debt for pennies on the dollar.

    The 1 billion dollar debt they have, might be for sale for $300 million or so.

    The game would be to pick them up for $300 million, but value them at $600 million. Breakeven prices would probably fall 20% or so with the debt removed, the tankers would then be recapitalized, and the depreciation expense taken on the taxes would shield a lot of revenue. So, the company could lose money on paper, but make wicked nice cash flow caused by aggressive accounting procedures.

    Just thinking aloud about what might be happening behind the scenes since a play on equity shares has minimal profit potential.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    Seeking Alpha Artcle says FRO done

    by rami36 Aug 31, 2014 9:45 AM
    barbershores barbershores Aug 31, 2014 10:57 AM Flag

    Hi Mr. rami,

    From your post: "Investors should avoid Frontline due to the risk of bankruptcy."
    ------------------------------
    In my opinion, the word "insolvency" would be preferred to the word bankruptcy here. We could see liquidation without Frontline actually seeking court protection from creditors by declaring bankruptcy.

    We shall see.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    Increased my holdings by 50%

    by rogere1946 Aug 29, 2014 4:10 PM
    barbershores barbershores Aug 31, 2014 10:55 AM Flag

    Hi Mr. Rami,

    From your post: "rates would have to average around $40K for VLCC and $34K for Suezmax."
    ------------------------------
    This, perhaps, if all of Frontline's ships were on spot. But, as Mr. Rogere suggested, we don't actually know Frontline's exposure to spot today. JF stopped reporting the percent of ships on spot when the market first turned so bad that he had to get off spot and put a lot of his tankers on long term contract just to survive.
    We used to get the percentage on spot in the quarterly and/or annual reports. We haven't for a few years now.

    Just my take.

    Best of luck,

    Barbershores

FRO
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