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Frontline Ltd. Message Board

barbershores 189 posts  |  Last Activity: 8 hours ago Member since: Oct 15, 2005
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  • Reply to

    Congress to vote to allow US to export oil

    by jedion Sep 2, 2015 11:53 AM
    barbershores barbershores 8 hours ago Flag

    Hi Mr. Investor,

    A few comments on statements in your post:

    1. " most of the crude the us produces from onshore is light crude for which we are reaching refining capacity"
    ------------------------------------
    We can maintain our buffer from global prices, and keep our strategic edge, by expanding our refining capacity to include lighter oils.

    2. "as a result that oil gets discounted more and more relative to brent untill producers dial down capital and hence production"
    -----------------------------------------
    Then, our oil stays in our ground, to be tapped later for our usage. An equilibrium would be reached where we would purchase oil from overseas to make up for any short fall from our own production.

    The problem you cite is purely one of US refining capacity specific to the grade of oil.

    All very easily rectified with the stroke of a pen to allow refinery expansion in this country.

    Selling our crude oil overseas would put us at the mercy of international oil prices, which will soon once again be dictated by overseas consortiums looking out for their best interests at the expense of the US. At the expense of the US both in money and strategic safety.

    Best of luck,

    Barbershores

  • Reply to

    1.2 millioon premature deaths

    by lakeed98 Jun 16, 2015 12:58 PM
    barbershores barbershores Sep 1, 2015 9:52 PM Flag

    Hi Mr. Grumpy,

    From your post: "when the country's use of coal is increasing as a lower rate of growth than the overall growth rate in electricity production, the country will become less reliant on the stuff"
    -------------------
    Hmmm. That doesn't seem right to me. It seems to me that China will be even more reliant on coal, but even more reliant than that for other fuels.

    Best of luck,

    Barbershores

  • Reply to

    BATTERIES CAN NOW BE CHARGED IN 5 MINUTES

    by lakeed98 Sep 1, 2015 7:18 AM
    barbershores barbershores Sep 1, 2015 9:50 PM Flag

    Hi Mr. Stocks.

    Looks like maybe you and George Soros have the same thing in mind with coal.

    businessinsiderDOTKOM/george-soros-is-loading-up-on-coal-2015-9

    Best of luck,

    Barbershores

  • Reply to

    BATTERIES CAN NOW BE CHARGED IN 5 MINUTES

    by lakeed98 Sep 1, 2015 7:18 AM
    barbershores barbershores Sep 1, 2015 9:47 PM Flag

    Hi Mr. Grumpy,

    Battery charging is about 80% efficient right now. If the efficiency is the same with the new methods, it simply comes down to needing a certain number of amps per hour to get the number of horsepower hours needed.

    It's still going to take the number of amps I wrote. Maybe a little less if they can get more than 80% efficiency in charging. I doubt they can get much better. 25% better would be 100% efficient. We would still be looking at 2,000 amps to charge a Tesla model S in 5 minutes. 10 times the standard newer home electrical panels. I bet the power companies would really hate to see that kind of surge on their lines for 5 minutes at a time. lol

    If we are looking for power technologies that look very attractive, but may be a way out til commercialization, these look a lot more interesting than a faster charging battery to me.

    popularmechanicsDOTKOM/science/energy/g521/4-advanced-nuclear-fission-technologies/

    Best of luck,

    Barbershores

  • Reply to

    OT BS Now this guy gets it

    by barbershores Sep 1, 2015 5:37 PM
    barbershores barbershores Sep 1, 2015 9:35 PM Flag

    Hi Mr. Rott,

    I'm guessing Ms. Hilton could be bought. She would be doing all she could to sell favors. Political favors.

    Best of luck,

    Barbershores

  • barbershores by barbershores Sep 1, 2015 5:37 PM Flag

    I am a socially liberal, millennial immigrant—and here’s why Donald Trump has my vote

    qzDOTKOM/490560/a-millennial-immigrant-new-yorker-explains-why-donald-trump-represents-him/?utm_source=YPL

    In the American political system, money buys influence and power. Unfortunately, I don’t make enough to have either. Ironically, it is Trump’s extensive wealth that gives him the unique opportunity to change this broken system.

    Trump is the only candidate (on both sides) who won’t be vying for political funds in exchange for political favors. He has made it clear that he won’t be bought.
    ------------------------------------
    I find that refreshing.

    Now if he were to defer to the will of the majority instead of that huge ego of his, he might just stand for something of substance.

    Best of luck,

    Barbershores

  • Reply to

    BATTERIES CAN NOW BE CHARGED IN 5 MINUTES

    by lakeed98 Sep 1, 2015 7:18 AM
    barbershores barbershores Sep 1, 2015 11:33 AM Flag

    Hi Mr. Grumpy,

    Another problem is home charging of automobiles, and chargers for other appliances too.

    The electrical car rule of thumb is that a 30 amp 240v circuit, today will give an electric car about 30 miles of range in an hour.

    To give a car a range of 200 miles in 5 minutes would require 2,400 amps. The standard home electrical panel is 200 amps. So, there is no way you could charge your tesla in 5 minutes without grossly up scaling one's electrical service. Most electric cars have the power inverter/charger on board, so those would have to be increased in capacity too at considerable cost.

    Using a different battery technology one may be able to increase the speed of charging their electric car, but not in 5 minutes.

    Battery chargers for phones and other appliances have the same sorts of restrictions. The wall charger one plugs into an outlet is only rated for a certain number of amps. To charge say a cell phone 10 times as fast would require a charger 10 times as powerful. The lead wires would have to be 10 times as heavy. So, a 1 amp charger, would draw 10 amps, and require 16 gage wires. Would be pretty big too.

    I am certain some on this board would argue these facts. They could make a career arguing the laws of physics.

    Best of luck,

    Barbershores

  • Reply to

    FRO holding up well.

    by jedion Aug 31, 2015 11:24 AM
    barbershores barbershores Sep 1, 2015 10:41 AM Flag

    Hi Mr. Rogere,

    Spot rates and crude demand most certainly are the main determinators of any medium to long term trend in FRO's share price.

    The technical indications include the current perception of that by buyers and sellers.

    What I am discussing is that right now, it appears that the upward momentum in Frontline's share price is more likely to top out.

    Short to medium term, I expect a pull back more likely than a run up.

    Your point on spot rates being down, was true today, and the 25th, 26th, 27th, and 28th of this month. But, on the 25th to 28th, FRO's share price "rose", even though spot rates were down.

    So, from what you said, one would expect the share price to fall. It didn't. It instead rose.

    Tough calling during the stock market malaise we are in. That's why I didn't trade into the 2nd qtr announcement.

    All I am saying is that the momentum in this stock looks ready to shift back down.

    Regardless of what is happening with spot rates and the general business, the share price will not just trend in one direction. It will ebb and flow with spurts of momentum.

    Technical momentum indicators make the price appear to be overbought at this time, and ready to pull back.

    Let me see if I can figure out why I got yahoo filter interference on that last post:

    As it appears in the post:
    Nothing to hang one#$%$ on.

    As I attempted to write: Nothing to hang one's/one#$%$/tah on.

    Or, maybe I had a typo with a 4 letter word in it.

    Best of luck,

    Barbershores

  • Reply to

    Can Trump get the GOP nod?

    by lakeed98 Aug 28, 2015 11:32 AM
    barbershores barbershores Aug 31, 2015 4:14 PM Flag

    Hi Mr. Dan,

    The republican party leadership does not want a republican presidential candidate which acts independently from the party platform. They would rather run someone that would play by their rules, and graciously accept their money and support.

    Would they make an exception to embrace Mr. Trump because if he goes independent he will split the conservative vote, thereby almost assuring another democrat in the white house?

    I don't think so. They don't want the other republican candidates for congress and state legislatures and governors to get the idea they can vote however they want and get the support of party leadership. They want to pressure these guys to toe the party line. They will most definitely do what they must to maintain a quid pro quo.

    The republican party leadership will get more of what they want holding the line, even if that means we have another communist in the white house.

    Mr. Obama being president was very good for the republican party. Governors and state legislators really shifted to republican. And, they won back the senate, and for the first time in awhile, have the house of representatives again.

    The republicans don't really care how any of this impacts the average US citizen any more than the democrats do. The republican party leadership is just as power greedy as the democrat party leadership.

    And in this great battle in the #$%$/dedrater communism/msinummoc which now is our active form of government, you and I shall continue to be thrown under the bus.

    Anybody else ready to try democracy?

    Power to the citizens,

    Barbershores

  • Reply to

    FRO holding up well.

    by jedion Aug 31, 2015 11:24 AM
    barbershores barbershores Aug 31, 2015 3:59 PM Flag

    Short to medium turn technicals look like FRO may be getting toppy here. Nothing to hang one#$%$ on. More likely to pull back, or congest with today's high resistance, than to break through it.

    Just my take.

    Best of luck,

    Barbershores

  • barbershores barbershores Aug 31, 2015 11:47 AM Flag

    Hi Mr. Office,

    If the US was oil energy independent, and we didn't have to buy oil from Mexico, it would be a lot easier to play hardball.

    From your post: "If they refuse, stop trading with them and seize any Mexican assets in the US. "
    ---------------------
    The problem is that the US, and US companies, have a whole lot more assets in Mexico, than Mexico has in the US. NAFTA makes it a lot harder to stop anything from Mexico flowing into the US.

    We need their oil. They need our money. If not money paid for oil, then money sent home from illegal aliens working in the US.

    What a freaking mess.

    Best of luck,

    Barbershores

  • barbershores barbershores Aug 31, 2015 10:28 AM Flag

    Here's the right question.

    What is the acceptable number of people to enter the United States illegally?

    The answer is zero. It is illegal.

    Anybody entering the United States should be doing it legally.

    Anybody entering the United States illegally is a criminal.

    Anybody that entered illegally, and got lots of great bennies, be it jobs, or medical care, or welfare, or housing, or cars, or money sent home to family, or whatever, had an opportunity greater than what they had before they entered the country illegally. When sent home, they still have the benefit they gained while here. So, they are still ahead of the game. So don't cry for these people. They are just being returned to the lot they had before they became US criminals.

    Start sending them home, if for no other reason to end the attractiveness causing people to continue entering illegally. Start with the ones in prison for committing other criminal acts.

    What percentage of American citizens would agree with this I wonder?

    If people from other countries are not required to respect US law, why should Americans?

    Best of luck,

    Barbershores

  • barbershores barbershores Aug 30, 2015 9:47 PM Flag

    Hi Mr. Rott,

    I had posted on this on August 14th in a string titled: "BS Europe Faces Deluge of Diesel as Tankers Steam Up From Red Sea"
    --------------------------------------
    It took the Yahoo news crew an extra couple of weeks to connect the dots as I had. lol

    Best of luck,

    Barbershores

  • Reply to

    History of global warming

    by drift2paul Aug 30, 2015 6:52 PM
    barbershores barbershores Aug 30, 2015 9:41 PM Flag

    Hi Mr. Paul,

    you missed a few of the highlights.

    2008 Steve Barbershores pointed out that we were now releasing carbon at a rate of over 1000 times the amount he planet can metabolize, and that it was virtually impossible to stop the effect using today's technology.

    2010. Steve Barbershores calculated that 25% of the ocean level rising since the year 1800 was not caused by carbon, but by the water formed from the combustion of fossil fuels.

    Best of luck,

    Barbershores

  • Reply to

    OT BS and the left just keeps on winning

    by barbershores Aug 27, 2015 10:03 PM
    barbershores barbershores Aug 30, 2015 9:36 PM Flag

    I used to use temporary agencies for material handling labor and for research assistants. There were two ways we ran it, and two different percentage cuts for the agencies. If I called for, and they supplied somebody they got from their marketing, I would pay 36% to the agency. If I called them, and provided a person for them to "payroll" for me, I only paid them 28%.

    I started and ran an internship program, for plastics engineers, through the University of Lowell school of plastics engineering. I worked with a number of the professors, and they would post my jobs, and would send me the resumes of any of the students that were interested. Our R&D center was probably a half hour drive from the Lowell campus.

    I interviewed any student that wanted an interview. I probably hired 50 people from this program through the internship program and the temporary agency over the years. Of them, I probably hired 8 people long term as employees of my company as actual openings occurred. I usually had 2 or 3 masters students, and even masters graduates, working that I could pull from.

    It was a really great program for all. The school really liked the approach. Students got an opportunity to interview in a state of the arts plastics R&D center. Many students got real hands on industrial experience, in manufacturing and in R&D. And when there was a fit and an opening, some got a career. For the company, we got a superior quality temp to help with projects, many ran nights and over weekends, and we had a steady stream of new employees.

    The program was highly regarded by the students. It wasn't unusual to get 30 resumes and requests for interviews.

    If these new rules were in effect back then, the company would have said "Hell no", and that would have been that.
    --------------------------
    Removing choices, reduces opportunities.

    It's just the way the world works.

    So again, incrementally, America becomes less and less competitive.

    Best of luck,

    Barbershores

  • Reply to

    BS Rig counts

    by barbershores Aug 29, 2015 9:38 AM
    barbershores barbershores Aug 30, 2015 9:19 PM Flag

    Hi Mr. Stocks,

    Yeah, we are way down. But, even with the falling price of crude, a bottom appears to be in for active rigs. Not enough rigs running right now to keep our production growing through 2016. But, it may not fall off as much as the Arabians expected. US production appears to be growing still. But as production levels falter in a lot of fields, it will take more rigs to make up the difference.

    The number of active rigs in the US has not fallen nearly to the level that Arabia expected/wanted.

    So, this is an indication of how the game is evolving.

    Just my take.

    Best of luck,

    Barbershores

  • barbershores by barbershores Aug 29, 2015 9:38 AM Flag

    US oil rig count rises for a 6th straight week

    Read more: http://www.businessinsider.com/baker-hughes-rig-count-august-28-2015-8#ixzz3kD95gkZk

    businessinsiderDOTKOM/baker-hughes-rig-count-august-28-2015-8

    The number of oil rigs in use in the US rose for the sixth-straight week this week, increasing 1 to 675.

    This is still down from a peak of 1,609 in October 2014, though the decline in oil rig count has stabilized and has actually increased in 8 of the last 9 weeks.

    The price of oil, however, still remains highly volatile.

    On Friday, West Texas Intermediate crude oil prices were up as much as 7% after a 10% rally on Thursday. These moves, however, followed an early week crash that sent oil to fresh post-financial crisis lows.

    Read more: http://www.businessinsider.com/baker-hughes-rig-count-august-28-2015-8#ixzz3kD9Cide9

  • Sigh!

    Wyoming man files suit over massive EPA fines for building pond

    foxnewsDOTKOM/politics/2015/08/28/wyoming-man-challenges-outrageous-epa-fines/

    A rancher is taking the Environmental Protection Agency to federal court, asking a judge to stop the agency from fining him more than $16 million because he built a small pond on his property.

    Andy Johnson of Fort Bridger, Wyoming says he made sure to get the proper permits from his state government before building the pond. After all, this is America in the 21st century, and nothing done on your own property -- certainly when it involves the use of water -- is beyond government concern.

    Johnson is facing millions in fines from the federal government after the EPA determined his small pond -- technically a "stock pond" to provide better access to water for animals on his ranch -- is somehow violating the federal Clean Water Act.

    "We went through all the hoops that the state of Wyoming required, and I'm proud of what we built," Johnson said. "The EPA ignored all that."

    In a compliance order, the EPA told Johnson he had to return his property -- under federal oversight -- to conditions before the stock pond was built. When he refused to comply, the EPA tagged Johnson with a fines of $37,000 per day.

    Dismantling the pond within the 30-day window the EPA originally gave him was "physically impossible," Johnson said.

    That was in 2012. Today, Johnson owes the federal government more than $16 million, and the amount is growing as he tries to fight back.

    In a lawsuit filed in the U.S. District Court on Thursday, lawyers representing Johnson argue the EPA overstepped its authority by fining the rancher.
    ----------------------------------------------
    They are not there to help anyone. They are there to find ways of screwing/gniwercs people over and generating income. That's how they justify their existence.

    Best of luck,

    Barbershores

  • The government just redefined what it means to be an employer. It's a huge deal.

    voxDOTKOM/2014/12/19/7420729/nlrb-browning-ferris-employer

    On Thursday, the National Labor Relations Board issued what observers are already calling its most significant ruling in 35 years. It ruled that the company Browning-Ferris Industries of California is a "joint employer" of workers it hired through a temp agency. The company had contended that the fact that the workers were directly employed by the temp agency, a contractor, meant that it could not be considered their employer for the purpose of unionization. NLRB rejected that reasoning.

    Browning-Ferris is not super important as a company. But the NLRB's reasoning opens the door for labor organizing in industries that had previously been resistant. Big franchisers like McDonald's could be targeted. So could big non-unionized government contractors like Booz Allen Hamilton. It's too early to say what the ruling's precise implications will be, but if the ruling holds, they could be massive.

  • Reply to

    yesterday's news

    by thristanno Aug 27, 2015 12:46 PM
    barbershores barbershores Aug 27, 2015 9:37 PM Flag

    Continued from post ending in: "production levels and world wide oil consumption and storage,"

    changes in the Company's operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission.
    Company with the United States Securities and Exchange Commission.
    ---------------------------------------------
    So basically, with the bulk of the statements you consider "good news", the company is sayin they are really hopin this comes to pass.

    Now then, for the rest of their announcement, the following characterizes what they have said:

    "We confirm, to the best of our knowledge, that the condensed consolidated financial statements for the period January 1 to June 30, 2015 have been prepared in accordance with U.S generally accepted accounting principles, and give a true and fair view of the Company’s assets, liabilities, financial position and profit or loss as a whole. We also confirm, to the best of our knowledge, that the interim management report includes a fair review of important events that have occurred during the first six months of the financial year and their impact on the condensed consolidated financial statements, a description of the principal risks and uncertainties for the remaining six months of the financial year, and major related parties transactions.
    -----------------------------------------
    Now that's a different standard.

    Best of luck,

    Barbershores

FRO
2.70+0.06(+2.27%)Sep 3 4:03 PMEDT