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Frontline Ltd. Message Board

barbershores 207 posts  |  Last Activity: 13 hours ago Member since: Oct 15, 2005
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  • Reply to

    is anybody buying FRO today?

    by scs_dan 19 hours ago
    barbershores barbershores 13 hours ago Flag

    Hi Mr. Dan,

    Yes, the current situation of Frontline has been known for a long time.

    Here is a string of articles about FRO. I have posted these a few times. I usually get scolded for posting them because they are dated from June. But, things have not improved, and are basically the same as in this article.

    marketrealistDOTKOM/2014/06/must-know-overview-of-frontline-ltd-a-pureplay-crude-tanker-company/

    Nobody should be surprised.

    Best of luck,

    Barbershores

  • Reply to

    OT BS Hawaiian electric on track

    by barbershores 19 hours ago
    barbershores barbershores 16 hours ago Flag

    Hi Mr. Grumpy,

    When only 2% or less of individual power consumers had renewable energy pumping power back into the grid, the economic impact on their neighbors was trivial.

    But, as the numbers grow, and everybody is seeing their bills go up, all these so called subsidies are clearly identified as burdensome.

    They had it great for awhile, but it looks like the party is ending because their neighbors are not willing to bear the huge impact of the real cost of their investment in solar power.

    It was just a matter of time until the data clearly showed that the existing system was actually unworkable at scale.

    We're going to hear a lot of screaming I think. Soon from the solar power invested individuals when they find their payback date is pushed out a couple of decades.

    The crazy thing is how many people are surprised by all this.

    When it was so predictable.

    I think it comes down to so many people wanting to trust the words of their representatives, when the mechanics/economics of the situation is actually unworkable at scale.

    Apparently, we need more economists and engineers in government instead of so many lawyers and neighborhood organizers.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS Streamers

    by barbershores Aug 18, 2014 2:11 PM
    barbershores barbershores 16 hours ago Flag

    Hi Mr. Grumpy,

    Your point is well taken.

    From an engineering/research perspective though, the concept of having a bazillion mirrors reflecting heat on a tower filled with molten salt, which can produce electrical power at scale over 24 hours is pretty cool.

    There is a long list of things that for the longest time have made solar power impractical.

    What I am seeing is one by one, they are being mitigated.

    Will we get to the point that solar power actually becomes practical?

    Will the costs be anywhere near reasonable?

    What new problems can we expect?
    -----------------------------------
    I am thinking that with time, we shall see systems which though expensive are somewhat cost effective, that will generate power at site, will have storage of some sort to make the power availabile continuously, and will allow use without connection to the grid.

    Should this occur. It will be a social game changer. The economics will be able to stand on it's own, without being an "in addition to the grid" cost basis as all current solar power is today.

    Will it become main stream? I don't expect that. But it will have tremendous impact on how power is generated and priced today.

    Probably all the rich people will do it, if for no other reason to be able to claim they are green. They will use it to charge their Teslas.

    The poor will be stuck with the existing grid system and it's nuclear and fossil fuel plants and will be responsible for all the air and radiation pollution.

    So rich will become clean, and poor will become dirty. Just as it's always been.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS Medicaid scams

    by barbershores Aug 18, 2014 12:08 PM
    barbershores barbershores 16 hours ago Flag

    Hi Mr. Grumpy,

    There is no doubt that a lot of people use these things and they are helpful.

    I wonder though if most might actually be better off getting the exercise on a walker as my mother in law did until she died at 97?

    At her independent living center, there was a clear line. The thin ones used walkers, the heavy ones used scooters. I am not sure which came first, the chicken or the egg. She was awfully fearful of getting knocked off her walker by a scooter. And yes, lots of accidents occurred.

    In the retirement community centers, maybe these make a lot of sense. sometimes there are long distances to travel to eat and socialize and such.

    What I was referring to were the scooters in the personal homes. Where one must make a decision: "should I get out of my easy chair, and into the scooter, or onto the walker, when the bathroom and kitchen are within 30 shuffled steps away?

    Just my take.

    Best of luck,

    Barbershores

  • barbershores barbershores 17 hours ago Flag

    Hi Mr. Dan,

    From your post: "Obamacare is still adding to the National Debt, but just not as much as before."
    ----------------------------

    Yes, what you say is true. But, I think the point is what is the impact of Obamacare on the national debt. There were many expecting it to grow it much faster. At this point in time, this does not appear to be true. Now, if the 24 other states had expanded medicaid, I think the situation would be different, maybe much different. Perhaps the deficit would still be growing.

    So, maybe, just maybe, the republicans have given the democrats a huge gift in not expanding medicaid in those 24 states. They have made Obamacare appear to be shrinking the deficit, and to consistently look to be anti poor people.

    These points will be drummed repeatedly going into the November elections I expect.

    Just my take.

    Best of luck,

    Barbershores

  • barbershores barbershores 17 hours ago Flag

    Hi Mr. Napp,

    I think your point on postponement is spot on. JF really doesn't have any real hope for FRO at this time, the market is clearly against him. But, there is probably no reason to just let it go. He will just shift things here and there, sell some stock, sell some ships, do a couple of minor creative financing things, to keep it going. Unless, he is behind the scenes scooping up the debt for pennies on the dollar. Then, he may liquidate to take possession of the ships after shaking off the current share holders.

    Frontline has a very simple and transparent business model. It is cool to watch how things shift around almost in real time. I know of no other industry or company where things are so visible and trackeable.

    We shall see.

    Best of luck,

    Barbershores

  • Reply to

    OT BS Medicaid scams

    by barbershores Aug 18, 2014 12:08 PM
    barbershores barbershores 17 hours ago Flag

    Hi Mr. Dakine.

    Who would not want one of these scooters in their homes? They are high tech, look cool to people visiting, and can be justified to own merely by having the potential to be more mobile.

    Usually, when we are using our own money, we go through this thought process: Here is the benefit I get, what is the cost? Divide the benefit by the cost, and is the ratio favorable? Even if favorable, do we have the funds, or are there other things we can/should spend our money on that have more favorable ratios?

    When the economic cost is zero, any barrier to getting one of these high tech cuties is out the window. Especially if one is married. Any guy with limited mobility, that can qualify to get one for free, even if he doesn't want the denmad thing will be badgered into getting it by his wife. I would estimate that at 90%.

    So, there are thousands of these things, maybe tens of thousands of these things sitting in people's living rooms for years and only being used a handful of times.
    ------------------------------
    Economics, the real heart of economics, "is" human nature after all.

    Just my take.

    Best of luck,

    Barbershores

  • "The 2010 Affordable Care Act made health care more affordable for millions of people. Those with existing medical conditions can now buy insurance that is no longer staggeringly expensive. There are subsidies for many more. And, outside of Texas and 23 other states, Medicaid has been expanded to allow those living on the edge of poverty to get care."
    ---------------------------------------------
    A few comments on this:

    1. Here in New Hampshire, for people with pre-existing conditions, we had a state insurance plan which while more expensive than the market plans, was a whole lot cheaper than Obamacare, for those that do not qualify for subsidies. So, for us, Obamacare "is" staggeringly expensive, just the opposite of what the author of the article claimed.

    2. I still do not get why the 24 states did not accept the Medicaid expansion. It was a clear fiscal win for the states. It clearly was a winner for their hospitals and their citizens. At this point, I have to just chalk it up to stubborn partisanship. It's pretty sad. It seems to me that here is but another example of our representatives putting their personal, ideological, and party agenda ahead of the will and best interests of their constituents.

    3. Still we do not know where the money is to come from to pay for this, but, recent articles tend to support that the reduced payouts as part of the implementation of ACA, are holding down costs. We shall see how pervasive this is and what new problems this may cause. For now, parts of it, maybe the bigger parts, appear to be working.

    It's a pretty interesting article. Consider reading the whole thing.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS Medicaid scams

    by barbershores Aug 18, 2014 12:08 PM
    barbershores barbershores 17 hours ago Flag

    Hi Mr. Rogere,

    From your post: " The scooter is ordered not because the person can not walk or even use a wheel chair now but to "extend" the abilities to do things that weakness of limbs would not allow. "
    -----------------------------------------------
    Another way of looking at it, is that maybe, just maybe, the scooter is ordered because people like to get something for nothing.

    There's a bazillion of these scooters sitting in the corner of people's living rooms with dead batteries. Dead, because they eventually with time all die. But left for dead because the owner has no intention of using the denmad thing, but, they have it because they couldn't turn down getting something cool for nothing.

    Just sayin.

    Best of luck,

    Barbershores

  • Reply to

    OT BS Streamers

    by barbershores Aug 18, 2014 2:11 PM
    barbershores barbershores 18 hours ago Flag

    Hi Mr. Rogere,

    From your post: " Why do you think that a solution will bring yet another problem? "
    ------------------------
    Because I worked in industry as an engineer, scientist, and research manager for 30 something years in a fortune 500 company.

    During that time, I never once had something new, or a fix to some old problem, that did not come with it's own problems.

    I have found that we just end up swapping one problem for another. The hope is, if we manage it right, the new project with the new problems is superior to what we had before. Sometimes the new fixes a glitchy mess so well, that we don't sweat the new problems. Sometimes the problems of the new are much greater than those of the old, but we really like what the new is, so we live with those problems. If the new is not well received by the market, or the problems are fierce, it tends to die and go away and we all end up doing something else.

    When something new comes out, and it's well received, but of course has the associated problems which are always there, the power of the market will initiate activities to mitigate those problems. Some can be eliminated, but there will always be problems.

    For you to ask such a question, it's apparent that you didn't go to the same school I did.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    is anybody buying FRO today?

    by scs_dan 19 hours ago
    barbershores barbershores 19 hours ago Flag

    Looks to me like last quarter, the bottom was in in 4 days from the announcement.

    But, we're getting awfully close to the bond maturity date.

    Best of luck,

    Barbershores

  • Hawaiian Electric submits renewable energy plan

    miamiheraldDOTKOM/2014/08/27/4312677/hawaiian-electric-submits-energy.html

    Highlights from the article:

    cut customer bills by 20 percent,

    convert remaining oil-fired power plants to liquefied natural gas

    triple the amount of solar power by 2030

    increasing a fixed monthly charge from as low as $17 to $71 for solar customers

    Residents are currently paid more than 30 cents per kilowatt-hour, but the new plans calls for that to be decreased to 17 cents per kilowatt-hour.

    solar customers didn't pay enough of the utility's fixed costs.

    bring fairness to all utility customers

    Making the costs more equal between solar and non-solar customers will allow the utility to cut bills for non-solar users by 20 percent

    law passed in 2009 requires Hawaii's electric utilities to get 40 percent of their power from renewable sources by 2030.
    ------------------------------------------
    So, the non solar customers get the benefit of a conversion to liquified natural gas, an increase in the monthly billing for solar customers, and a reduction in compensation for excess solar sent into the grid.

    The Hawaiian electric company must have read my earlier post on their issues.

    Particularly how paying solar customers for power put into the grid at current grid prices, drives up the electrical costs for their neighbors with no net economic benefit.

    So, it is clear that Hawaiian electric now gets it.

    I have hope that others will finally get it as well.

    Best of luck,

    Barbershores

  • Reply to

    OT BS the latest on bad screenings

    by barbershores Aug 19, 2014 9:41 PM
    barbershores barbershores Aug 27, 2014 7:17 PM Flag

    My father was diagnosed with prostate cancer. He had Kaiser insurance. His primary care physician was a surgeon. I am guessing that he was first diagnosed around the year 1988. His doctor told him that the best procedure was to remove his testicles, remove the prostate, treat with radiation and chemotherapy. It would be difficult for a time, but he had a 50/50 chance of living another 5 years with treatment.

    My father told the doctor he would get back to him. He got back a couple of weeks later with information on an experimental therapy which removed testosterone. The doctor was not impressed. Said surgery was the best choice. For 2 1/2 months my father kept coming back with articles and supporting evidence countering the concerns of the doctor. Finally he wore the doctor down, he relented, and said when it all turns to parc, he would be happy to finally do the surgery.

    My father took the medicine daily, and a shot in the ssa weekly for 15 months. Half the people on this therapy left because of the nausea.

    My father died 15 years later of congestive heart failure at the age of 81. His PSAs had started to creep back up maybe 5 years before that.

    So, it looks to me like my father beat the lleH out of the 50/50 to 5 years. And, he died of something totally unrelated.

    My father beat it by "not" trusting his doctor. He researched the topic and found that radical surgery with toxic therapies does not extend the life much. What time he had left he chose to live intact. But, he also chose to treat.

    We will never know how things would have turned out if he had gone the surgical route, or chose not to treat. But, in the aggregate, the data clearly indicates that such radical treatments did little if anything to extend people's lives.

    The newer treatments seem more hopeful. But, we really don't have enough data on them yet to be able to say they are any better.

    Just my take.

    Stay healthy and best of luck,

    Barbershores

  • Reply to

    OT BS the latest on bad screenings

    by barbershores Aug 19, 2014 9:41 PM
    barbershores barbershores Aug 27, 2014 6:50 PM Flag

    I think I may just now be starting to understand where the tax component of the premiums for Obamacare were to go for the insurance that I can now no longer afford.

    Apparently, a sinep and selcitset is considered a disease to some and the infection must be fought with surgery and drugs.

    Fortunately this poor soul's income was low enough that they qualified for a substantial subsidy. Someone else will have to pay for that subsidy though because since the premiums are now so high, I can't afford to pay the premiums to cover my wife and I. So they shan't get the money to cover the subsidy from me.

    But, so long as they trust their doctor, they will be able to get the treatment they deserve and will be able to keep society out of their decision making, and keep it just between themselves and their doctor. Nobody else need get involved.

    I hope nobody on this board comes down with this terrible affliction.

    I wonder how we should screen for this?

    Stay healthy, and at least try to stay sane,

    Barbershores

  • Reply to

    OT BS the latest on bad screenings

    by barbershores Aug 19, 2014 9:41 PM
    barbershores barbershores Aug 27, 2014 6:39 PM Flag

    Hi Mr. Grumpy,

    From your post: "Folks who still want products or services that evidence and experience suggests are of minimal value can still purchase these. Government and insurance companies don't stop them. But the consumer has to pay out-of-pocket."
    ------------------------------------
    Not sure I can agree with this statement after reading this:

    "Getting jobs that offer insurance often has been difficult for transgender people and the cost of purchasing plans on the private market can be prohibitive. Some have been denied policies altogether after being diagnosed with "gender identity disorder," often considered a pre-existing condition."

    "Without insurance, many people were unable to afford the hormones, surgeries and counseling needed to complete their transition. Nor would they have been covered in the event of surgical complications, which can include infections."

    "She is still trying to figure out how much she has to pay out-of-pocket for the surgery and hospital stay -- and how much of that her insurance plan will reimburse. Payne said she believes the lab work, pathology, anesthesiology services and follow-up doctor's visits were all covered. But recently she got a statement saying she was on the hook for $17,000 of the total cost of the surgery.

    Payne believes that the government and insurance companies should help cover such operations. The population of transgender patients who want surgery is small, and she said they are less likely to suffer mental health problems once they have it."

    "Payne learned in the fall that she might qualify for subsidies through the state's new insurance marketplace, Covered California, because her income fell under the limit of $46,000 a year. She eagerly signed up in March for a Blue Shield plan for about $230 a month, and began making preparations for the surgery that would change her life."

    cnnDOTKOM/2014/08/26/health/obamacare-transgender-surgery/index.html

    Continued

  • Reply to

    OT BS the latest on bad screenings

    by barbershores Aug 19, 2014 9:41 PM
    barbershores barbershores Aug 27, 2014 6:38 PM Flag

    Hi Mr. Grumpy,

    From your post: "Folks who still want products or services that evidence and experience suggests are of minimal value can still purchase these. Government and insurance companies don't stop them. But the consumer has to pay out-of-pocket."
    ------------------------------------
    Not sure I can agree with this statement after reading this:

    "Getting jobs that offer insurance often has been difficult for transgender people and the cost of purchasing plans on the private market can be prohibitive. Some have been denied policies altogether after being diagnosed with "gender identity disorder," often considered a pre-existing condition."

    "Without insurance, many people were unable to afford the hormones, surgeries and counseling needed to complete their transition. Nor would they have been covered in the event of surgical complications, which can include infections."

    "She is still trying to figure out how much she has to pay out-of-pocket for the surgery and hospital stay -- and how much of that her insurance plan will reimburse. Payne said she believes the lab work, pathology, anesthesiology services and follow-up doctor's visits were all covered. But recently she got a statement saying she was on the hook for $17,000 of the total cost of the surgery.

    Payne believes that the government and insurance companies should help cover such operations. The population of transgender patients who want surgery is small, and she said they are less likely to suffer mental health problems once they have it."

    "Payne learned in the fall that she might qualify for subsidies through the state's new insurance marketplace, Covered California, because her income fell under the limit of $46,000 a year. She eagerly signed up in March for a Blue Shield plan for about $230 a month, and began making preparations for the surgery that would change her life."

    Continued

    cnnDOTKOM/2014/08/26/health/obamacare-transgender-surgery/index.html

  • Reply to

    1ST Quarter 2014 results

    by nikkorott Aug 27, 2014 5:20 PM
    barbershores barbershores Aug 27, 2014 5:35 PM Flag

    Tomorrow we should have "2nd" quarter results.

    Best of luck,

    Barbershores

  • Reply to

    OT who was Dillon Taylor?

    by scs_dan Aug 25, 2014 7:52 AM
    barbershores barbershores Aug 27, 2014 4:54 PM Flag

    Hi Mr. Dan,

    From your post: Interracial shootings are relatively rare and newsworthy in the United States. But it does not explain why the media was almost silent about the Christopher Lane and Dillon Taylor shootings, which were also interracial. "
    ----------------------------------------------------
    No expectation of demonstrations. No expectation of looting. No expectation of Al Sharpton coming to town. No bus loads of people from out of town coming in to further polarize the situation.

    Field news anchor: "A black cop shoots an unarmed white youth to death? No, it won't play. Nobody will treat this as special. Lets run a van over to the girl scout cookie champ. Can't you guys find anything worth sending our chopper to? Geez, there must be "something" we can beat WKKK in the ratings with"

    Sometimes life just isn't symmetrical.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT who was Dillon Taylor?

    by scs_dan Aug 25, 2014 7:52 AM
    barbershores barbershores Aug 27, 2014 2:50 PM Flag

    Hi Mr. Yezov,

    From your post: " In current times, the news media has swung so far left it cares not a whit about objectivity."
    --------------------------------------------
    I think that at least in this case, the news media "is" being objective.

    Their objectivity has to do with reporting on what will play. Train wrecks will always get more people attracted to media than girl scout cookies.

    The news media did not create this event. All they are doing is reporting it. The news media is not responsible. They do not have any obligation to ignore it because some think it self serving of them to report it.

    Lead field reporter: "What, a white police officer shoots an unarmed black man to death? Lets get 2 news vans and a helicopter over there stat. This will raise our viewership on the 6 o'clock news. If we don't, WKKK will beat us to it"

    I was in Austin Texas last week. One evening when I got back to the apartment, I turned on the TV and that was on the news. And on the next channel, and the next, and the next, and the next, were all running the latest words spoken of it all at the same time.

    They report it, because that is what we want to hear about.

    Myself, I would rather wait for the made for television movie to come out, in a few months after most all the information has become available, but that's just me.

    Just my take.

    Best of luck,

    Barbershores

  • thehillDOTKOM/policy/energy-environment/216006-un-warns-of-irreversible-change-in-draft-climate-report

    "UN warns of ‘irreversible change’ in draft climate report"

    The last sentence in the article: "The IPCC noted efforts to cut greenhouse gases, but said that past emissions levels mean that little can be done to stop some of the worst effects of climate change. "
    --------------------------------------------------
    Which is actually more news worthy?

    1. "Greenhouse gas emissions are increasing dramatically and will wreak havoc on the climate in the near future"

    2. "past emissions levels mean that little can be done to stop some of the worst effects of climate change."
    -------------------------------
    Item number one is the same mantra heard over and over and over since, and even before, Mr. Gore's book was published. No news here. If the UN were to proclaim, "nope, we were wrong, an ice age is coming", now that would be real news.

    Item number two, however, has some new insight. It actually presents the practical realities of the situation that most people are "not" even aware of. That we are not even capable of reversing global warming, if it is indeed happening and is indeed caused by man's combustion of fossil fuels.

    Again, an example of how headlines feed the personal, ideological, and party agenda, when that headline though may be true, was written to shift the reader's perception "away" from reality, and just feed the ideologues.

    Which was actually more informative, the headline, or the last sentence?

    I am quite pleased to see that the reality of the situation is actually making it into the text at all, even if in the last sentence.

    Maybe in the next article, the reality of the situation will be expressed in the next to last sentence, so just maybe 3 more people will get the real message.

    Just my take.

    Best of luck,

    Barbershores

FRO
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