I am pleased you agree daniel. When you have known rates, known costs, but you have no idea which company will benefit from the profits, because the same owner can shift money between companies without a hitch, then you really need to know which company will be getting the goods in the future. Again...NAT doesn't have as much of that problem, but it may start in the future with NAO, as NAT is part owner of that one, so who knows if the magic shift of funds doesn't become contagious between Nordic shipowners.
Pathetic reporting. Nothing in the open. A CEO that makes the news, due to building permit violations and has complaining neighbors. No history of growing sales. Few assets, and company run by one man and his family and friends. All those jumbled together sort of show why the stock price is what it is today, and why nobody should think it will rise in the future. IMO, Bret is just too ashamed to meet with shareholders. His leadership has done little to aid the shareholder who invested expecting growth.
Like you, I am glad that I didn't chase FRO into this earnings announcement. This weird polygamy that Fredriksen has with FRO, SFL, SDRL, and the others is a bit too complex to understand unless you are on the BOD or have inside information. What is on the surface is too complex, and you never know which wife Fredriksen will take care of which quarter. NAT is a much more open company without needing a secret decoder ring to figure out what is happening. FRO is a total casino. You may be lucky and make a real killing, but it won't be based on common sense investing such as rates and profits, as too much is siphoned off to take care of the other wives.
The utilities have no choice. Tesla will have them over a barrel. I am sure there is some negotiating where the utilities are making a deal to buy lots of Tesla batteries if Tesla promises to keep prices so high to homeowners that they won't go off grid on the utility companies. This is their biggest fear that masses of homeowners will buy battery backup and ask for disconnect from their utilities, so expect utilities to put in major solar farms with battery backup and then sell the power "on the grid" to people, but don't expect them to give much of a discount to the homeowner. It will be interesting to see which way Musk flops.
Doesn't look too cool in India.
"From the financial statements: the company has produced $276,091 in revenue since Barnhizer took over in 2007."
That is less than $35,000/year. How in the world you can expect this company to have any employees or have much money left over after just paying their rent is beyond me. If it was a one person operation selling the product out of their home on ebay, their total revenue would let them qualify for food stamps and section 8 housing. You are correct....they produce stock....not product revenue. They have received over 20 times as much from issuing stock as they have from selling product. Wasted trips for the CEO and amazing they pay a salesperson that generates next to nothing in sales.
Hard to say what it will do to rates. This may be a move to try and get Saudis to curtail production a bit, but in that part of the world, who knows?
Sell it and go.
The man felt blessed with his riches and we aren't told how generous he was to the poor and needy. Jesus was calling him to full surrender...give all away and follow him. This is probably why the early disciples had a common purse. They had come to fully realize that all they had were gifts from God, so there would be no reason to be greedy. They were only giving gifts that were never their gifts anyway since all things belonged to God. I agree that there is nothing wrong with wealth itself, but wealth should be for one purpose...to help those without it....not accumulate more of it to have a higher net worth. Unfortunately, that is what we see nearly all of the time. Business is about getting monetarily ahead so that you can expand and get further ahead. There are no morals inherent in capitalism.....only garnering more by doing more. Most corporate donations to charities are for one reason.....to pay lower taxes. In other words..greed is what is motivating them, and perhaps, if they have money to donate to charities, they should have paid their lowest paid employees a bit more, so that the generosity could be coming from them intentionally rather than being taken from them through their labor and then donated to a charity or political entity in order to accumulate more wealth. I agree with your Matt 19:24 quote.
Enjoy the read.
".Capitalism is an excellent vehicle to identify sin, make us self aware of our faults, need for God, and on the other hand, where brotherly love rules."
Yes, and where we take it is where we take it with huge consequences. In Mark 10:17, the rich man actually knelt before Jesus...He was humble, but he wanted to know what it took to attain eternal life. Jesus was very good to him and showed compassion. Jesus told him he must keep the commandments, and the rich man said he had tried and was doing so since he was a child. Jesus didn't ask him his opinion. Keeping those commandments was not enough. The man was even very thankful at how God had blessed him with wealth and stature. Again, that wasn't enough. Jesus told him to give ALL of his possessions away and follow Him.
He couldn't...as capitalism got him. It sort of reminds me of that old Judson W. Van Deventor hymn.."I Surrender All." Unfortunately, captalism is really about "I Surrender Some" as personal ownership is stressed. Again. Peace be with you brother.
You are your own theologian...as are all people. Your interpretation is "yours", as mine is mine. I could send you to Gen. 32 v 30, and you can tell me what Jacob said. Was he lying? You tell me. Now, what did the author say about Jacob seeing God? Get over it. You have brought up ONE verse John 1:18 regarding seeing God face to face, and that verse is commonly used against Mormons, because Joseph Smith had made the claim he saw God. Whether Jesus was referring to God in all his glory, that is up to interpretation, but Jesus was seen by multitudes, claimed to be one with the Father, and as I gave you the scripture dialogue between Jesus and Phillip, perhaps you can re-read it for comprehension. Why Jesus made the one statement and why he said something quite different a bit later is unknown. Why Jacob said what he said in Genesis 32 v. 30, I will let you have your own theological ideas surrounding it.
" The very earliest of settlers in the new world experimented with collectivism and discovered much like what see today, it encourages the introduction of the lazy, slothful living off the backs of hard workers."
Your above statement is neither here nor there. My statement was just that the early church in the first century had common purse where each got according to their needs. Perhaps it was because the early believers truly believed that ALL things came from God and not anything from their "hard work," because all things belonged to God in the first place. They were mandated to feed the poor or as I showed in the James quote, that faith without works is dead. Jesus stated you would have to be willing to "lose your life" for his sake and in doing so would gain it eternally. There were some very negative comments about storing up things on this earth where moths or other things would eat them away, but capitalism is all about doing that. Capitalism is about worrying about tomorrow. I am not here trying to compare capitalism to socialism, communism, or another economic system, but I was rather trying to say that the very foundation of capitalism is greed and about "personal" ownership, not God ownership. May God bless your day.
"Do not mix nor confuse what fallen man does as his corrupted nature leads him to destroy basic principles of this republic."
I don't believe I am confusing much of anything. The basic principles of this republic was to deny women any input (albeit George Washington inherited a ton of land from his wife). For the most part many of the original people came to "get ahead." or greed driven. I stick by my basis that capitalism is greed based. If you took "profit" and "greed" out of the equation, capitalism wouldn't exist in spite of folks like Magaret Thatcher that tried to claim it was really based on one persons desire to provide another person with a product or service. She forgot to say..."for a profit." In other words, "I will do this as long as I get more out of it than I have into it." After all, it is "fallen man" that invented it. I don't think Adam and Eve before the fall were busy trying to figure out how they make a profit selling things.
There is no such thing as capitalistic harmony. You are correct in that in that private ownership is a tantamount part of capitalism. Since there are no morals required as a basis, and since "fallen man" is sinful by nature, it is a greed based system encouraging accumulation of wealth. We are seeing it operating as it was intended....for the rich to accumulate more and more and more and those not able to keep up to be eaten, consumed and exploited. It is not some sort of a God loved economic system.
"Perhaps you should think on the contradiction between what Jesus reportedly says in John 1 with what he later says in John 14."
Why should I think on the contradiction? I posted it for your benefit, since you posted "Contrast that with God, whom even Jesus said no man has ever seen." (John 1:18)
I was pointing out to YOU for YOUR benefit. I am fully aware that Jesus, when considered as part of the Holy Trinity God, was seen by loads of people, and I expect some even looked at his face. Ya think? If so, then they saw the face of God.
"You appear to believe that anything a person cannot individually validate or experience must be taken on "faith"...
Perhaps in your eyes, but maybe that is because with all your hog washing, you got a bit of suds in your eyes.
"I notice you get around it by believing one year could have been millions of years."
I clearly got around it without even taking in to account that a year could be a million years in God's time. What I stated was direct from scripture. Again.."In the beginning, God created the heavens and the earth, and the earth was without form and void and darkness was upon the face of the deep." That statement was made in scripture, and then no time length is given before God stated "Let there be light and there was light." The earth may have been without form and darkness upon the face of the deep for eons prior to trees, animals, etc.
" The BfB individual has the reports and stories of many individuals who have been to and RETURNED from those areas."
Lake's original comment was on "seeing," and thus I made my comments on blind from birth. Yes..on faith they can accept after being told there is such a thing as sky, or a place of New York, or Los Angeles, but one could take them to the noise of Houston and tell them they are in Los Angeles, and they might believe they are. If you want to call that hogwash, go ahead.
"Contrast that with God, whom even Jesus said no man has ever seen (John 1:18)"
Perhaps I should contrast it with John 14:9
"Jesus answered:" Don't you know me, Phillip, even after I have been among you such a long time? Anyone who has seen me has seen the father."
Looks to me that Jesus is telling Phillip that seeing Jesus IS seeing God. Nice try though. Can I use your Hogwash?
"Regarding nuclear, I guess you haven't been reading past the first sentence on the articles I have linked recently either."
I don't really care what you link in your fiction filled comments regarding fixes to nuclear waste problems. Where is the fix TODAY Mr. BS? There isn't any, hasn't been, and until every bit of waste stored today is stored safely or neutered, there should be zero interest in nuclear power. Your favorite form of power lied in the 1950's when a solution to nuclear waste was just a few years away, a decade later they lied again, and there wasn't a solution. Billions have been spent at Hanford and it is still not clean and fixed. A big hole was dug in Nevada as a "solution." Is it solved yet? Face it....there is no such thing as clean nuclear power, as the waste makes it poisonous. Had you invested your life savings in Fukushima prefecture, you would be doing flip flops for hot cakes on skid road. Maybe they should ship all their waste from Fukushima to Barbershores in New Hampshire and you can tell us how the waste problem is solved. And to think you are worried about solar battery waste when they are worn out.
"The Sky,NY and LA are logical."
Nothing logical at all about them to a blind man from birth Mr. lake. One would have to have faith in your explanation of them never knowing if they are real, because they are unseen? How is the sky real to a blind man who has never seen anything looking up except darkness??? vps has far more logic than you. As I explained to you long ago, God reveals himself to those who seek him. You don't seek him, so I doubt there will be a revelation to you, so much of what you say is just why I expect to see you say and thus you are fulfilling old prophecy perfectly. This strengthens my faith even more. Have a blessed Pentecost celebration Sunday.