goodoldtruth all thins "Could happen" but a fact left out SUMMER DRIVING is upon us as well. The refineries have not been making gas but now are started and oil storage was done for just that purpose and it will go down. How much? is question. The drilling rig count is at are nearing all time lows and that will start to show up in production numbers as well. Storage is far from full another left out fact. So far oil has not dipped below 40 bucks and that seems to be the line in the sand at least so far. Mr. BS is correct OPEC ie Saudi could balance production and demand by turning values on their fields alone. The Iran oil is a factor to be considered as it is a huge production number but not all Iran oil has gone into storage and even 15 VLCCF tankers is a drop in the bucket of oil production world wide. Besides I am sure the GOP dominatied houses would not let Iran dump oil into the US and with Europe closer why ship to US who is wanting to export oil now days?
Demand has not gone away. Supply has increased and storage took that production and the price adjusted.
Drilling has gone down with price and soon supply will start trending down and that leaves demand side.
From time to time the scales will be balanced heavy one side or the other as we are seeing now in supply and storage. If the law of supply and demand is a correct law then in the end oil will rise again. How low, how high, who knows or when which is critical to small E&P companies that may go BK if too long on down side.
As for as FRO is concerned no storage would mean no demand or less demand to move oil by ship. High production will not last for long as you can't get oil from digging it out with out a drilling rig.
Lake I agree with you on many issues but disagree with you on others. Why is the way you post to me determined by my agreement or disagreement to your opinion? You are nice to those that disagree but nasty to those that do not.
For your information agreeing with you on an issue is not what determines the real world as you and grump are so egotist it is funny. He is a lot smoother than you and tries to couch his insults and superiority complex different from you but the bottom line is you guys must be related lol All smiles and back pats when someone agrees or sucks up to your post and red faces, blue vine, name calling and insults when one dares to have a different opinion. I am glad that you do not live in Texas and have an AK over your shoulder given what little it takes to set you off. Grump would be sniper never risk a shoot out.
Grump ah the old grump has returned in force. What in my post gave you the idea that the "rebels" and those that "revolted" was pro colonist? Yet you somehow accuse me of being hypocritical by only stating facts not an opinion on how I felt about it. Now let me say not what you say I say but what I think. They were and should of obeyed the King if they were Christians for that is what the bible teaches and All the Christian today that talk about the USA being a God founded country seem to overlook this SIN that birthed this nation.
The majority of the colonist were loyal to the King but the rich and powerful elitist didn't like having English troops quartered in their homes and having to give the best timber to the Kings navy or pay taxes. You think money equal citizenship and only Federal taxes I suppose but by your way of thinking in Texas folks could vote in Texas Election but not to elect Senator or House member since Texas has no income tax and all citizens pay sales tax and other Texas taxes as well.
You also bla bla about not dying for your country is not good enough or losing an arm or leg. You do this having never served, never risk life and limb but you can count your money so that makes you special at least in your mind. I get it you feel that way but that feeling does not your position right and others who differ with you wrong. Clearly what your wanting to see happen would take a constitutional amendment. So right now the law agrees with me so go argue with the Constitution and the courts not me. We disagree but the Law is more than a disagreement. That not even you can deny. (you try to side step it I am sure or just ignore that point lol)
It is irresponsible to feed children, help out widows, help out the disabled and of course vets as well. Says you pal but that does not surprise me coming from you at all. But again that is your two bit opinion only and does not make it right.
scs you throw out a silly question and now you try to make it constitutional issue lol Your a hoot.
I doubt the Supreme Crt (Federal last time I checked) would all Texas to round up their Texans and force them to go vote. Who would do that the DPS is all going to the boarder to arrest Mexicans and why not the speed limit is 80 MPH and you can text and drive so we don't need on the Texas bumper cars for roads too dangerous for the Police.
In Texas the soluation is easy. You just require ALL Texas to be armed and come get their permits at the polls places and throw in one free box of ammo and the Polls would have to stay open for 2 days as all showed up to vote. Thanks to our Senate we can now send our kids to a college where other kids can walk around with assault rifles over their shoulder or a double hip holster rig for the twin 45's. I mean Texas has had a rash of campus gun fights (not one) so now that the students and Proffs can be armed the problem which never happened will now not happen but God help us if someone shoots on a crowded campus with an assault weapon and a bullet that goes through numerous bodies before stopping. Given how smart Texas are voting now I am for letting Mexico vote in Texas elections then we can issue guns and dope at the polls and get stoned and have shoot out. The wild west was tamed compared to Texas gun laws these nuts are passing.
I don't think anyone over the age of 12 should be allowed to vote in Texas.
Lake I voted for Hillary in the Tex primary as I felt and still feel she would of twice the president Obama made.
I do not share your admiration for President. Too me he caved in to the GOP way to much. He never did go for the juglar on how to spend the Stem package and instead of being a FDR who built stuff that we still use today he gave the money to Red States like Texas who then cut spending on schools since they had Federal money to pay employees. Yes by doing that he did save some jobs in Gov. and schools but he saved the state GOP from having to man up and face the voters since the Obama they hated and talked about had gave them money to play with. Had he built roads, repaired dams and bridges and did something really out of sight like a Mississippi to arid West Pipeline or canal then like FDR his achievements would of lasted for a hundred years instead he pampered the right wing red states with money to sooth their tax payers and preach hate against Obama. He then wasted what was left of his political capital in a watered down health care bill which cost the Demo's the house and Senate. Obama has been terrible for the party since a Demo was a black man to attack and get white fear votes which again got us GOP Governors and house and Senate members. Did he beat McCain or Romney? who wouldn't in the Demo party?
Hillary will come in into a royal mess with the nation in a civil war without guns blasting but in every other way it is out and out warfare for the heart and soul of the country. It does not matter at this point who wins for the GOP or the Demo as 49% of the nation will hate them from day one or soon their after. The GOP are better gutter fighters than the Demo and know how to play dirty using unfounded fear and hate and single issue to motivate their voters while the Demo's have lost the ability to do that. How do you beat TAX GREED? Stupid hr workers care more about taxes than their own jobs. sad & crazy
fencesbyjohn although the war was a hard one for the UK once Germany invaded Russia it was only a matter of time given the US help. FDR won the war by Lend Lease while the GOP and many in his own party keep the USA out of the war until Dec 7 attack on Pearl. Had Germany not attacked Russia and instead went after the UK it would not of been a cake walk since Germany really could match the UK with a fleet which is always needed to get troops across the channel as Napoleon found out years earlier.
When it comes to hard core gut it out the Brits are pretty hard to beat. Outnumbered they were never defeated pushed back yes but the Sea belonged to them as did the air once Germany attacked Russia.
N. Africa was lost to UK navy and air power of allies in spite of the brilliant Desert Fox.
NATO I think has its purpose as showed by Lybia and Balkens before that. While the US and UK are first to blame for a weak Germany (for good reason at the time ) it is time to let Germany stand more on its feet military wise and France as well but as long as we carry the water for them which no one in either party seems to want to stop doing (we should by the way) nothing much will change. We are in such Debt now because of that with over 20% of our budget going to defense when no other country in the world comes close to spending that much. Having such a expensive and powerful military has sadly mad going to war too easy as happened in Iraq.
Now when I was young who didn't want to go to Sweden or Norway lol.
rails I agree with you that the GOP is going more and more conservative and have forgotten how badly Goldwater got beat and Goldwater was not a tea party conservative. He was more a hawk than tea party but neither he nor McGovern could win running TOO much to the right or left. McGovern was more a populist (which I really am) than what passes for a Demo today. Obama while not a GOP or even a RHINO
is no flaming liberal as you guys always seem to see him. Regardless of how you personally feel about politics the voting record of the country is clear when it comes to extremes on the left or right they simply can't win a national election. If we had a Cruz v Warren race then one extreme (in the eyes of most) would win but that will never happen. While the non RHINO (using your value system here) GOP may appeal to you they scare too many middle of the road voters who find some RHINO's ok and Some moderate Demo's OK but get really worried when the person runs to one side or the other. The real reason that the GOP is doing as well as it is in the house and Senate is because of the way both are set up. The house has been "rigged by safe seats" and to be honest the Red states are solid red and more conservative than the rest of the country. Mass may of elected what you consider a RHINO to the Senate but Miss sure has not elected a Demo nor will they. The White vote has become the GOP vote to a large degree and really big among white males. White women have been trending to the GOP lately but extremism could awaken 1 or 2% of them back to the Demo which would kill the GOP in National elections. Blacks will continue to vote Demo by at least 85% and a right winger GOP will get less Hispanic vote than Romney got again a sure loss.
Of course a lot depends on who the Demo choose to run but regardless of who the "race card" will count right or wrong in the National election. Hispanic vote is the key in National elections end of story.
fencesbyjohn You seem to leave out the high price the UK and Russia paid in that war? For 2 1/2 years they went it alone and the USA could only send vast supplies to help in the war effort.
Seems to me just within the last week it was the GOP house that passed an increase in Defense Spending while the Demo's want to cut it. I bet even though you seem concerned about the lack of money that the rest of the world spends for Defense you do not mind supporting the party that wants for the USA to spend more. Not only that the Obama has worked with NATO in the war in Lybia and the GOP was all over him for that. If you want NATO to be more involved that means you just do not seat around ordering them when to fight with you but actually "ally yourself" with your allies when they engage a common enemy. Yes I would love to see more spent on Defense by Germany, France and UK and others countries of the EU and I would love to see us not charged for the bases we keep open in Europe and other nations of the world but that is not going to happen is it? I also would love for folks to see that while military no nation in the World can defeat the USA we are defeating ourselves in Free Trade Globalism and losing the eco war. Sadly neither the GOP or the DEMO are against losing that was as Obama is working on yet another Globalist trade agreement with the GOP as I write this and Hillary is a Globalist as is every GOP who may run for President. So we have no white knight in armor to win that war for us and none that really even want to fight it.
Would I live in Norway? NO WAY too cold for me pal. They could not give me a house and food and whatever else I need to put up with the cold. Only a person who loves winter sports and cold weather would love Norway.
Grump Wow what a leap you took on this idea. I believe if history is correct that England was ruled by a King and NO ONE VOTED ON THAT. If you go back into the history books and look up England voting laws of the days of the revolt I am sure you will find that many qualification was "on the books" as to who could vote for house of commons as again the upper house of Lords was not up for vote you were born into it.
The Rebels of the colonies (the minority when the rebellion started according to history) wanted to vote regardless of residence or birth. So Guam and PR if they own property and make money should vote you are saying? And that makes you for DC getting a real house member?
As the revolt shows you can either allow the vote or risk the vote of violence to bring about change.
Anyone who rents pays property taxes as that is figured into the rent. Anyone who buys anything pays taxes to city, state and in some cases Federal Gov. But that is not enough for you I guess. Nor is the price paid by many of those 50,000 who died in Viet Nam or the 5,000 and counting who died in middle east or the crippled bodies and minds that are with us still. They are not worthy to vote according to you.
Well guess what Grump your idea is just that an elitist idea much like those who ruled England and forced the
rebels to take up arms and vote with bullets. It is not the law of the Land and even this right wing Supreme Court would get no more than 2 votes to uphold that idea.
rails, Please look at Lake post and see the anger, name calling and bashing of all who do not agree with him then look and see the same in your post. Is that the way you want to come across on this board. You and I disagree on almost all things political but I do not want to be your enemy and would like to be able to disagree with you while we watch the ocean drinking a cup of coffee. That is a far better to spend life. Perhaps it is easier and less disturbing to be around only people that agree with you but it is also more dangerous to ending up having a closed mind. We agree on many things in life and disagree about some so what? Why must that determined who is to be our friend and who we treat with respect and offer friendship too?
Lake and I while "liberal" are not dependent on SS or gov. food stamps or any other type of Gov. social programs just as you are not. There is not one person on this board that is I bet. So why do I support those social programs at the cost of tax dollars. For the Children, The old, The helpless and those that are good people who find themselves in a bad situation. If you can tell me how to support those folks and get ride of the bums who are too lazy to work or steal from the program I will join you in the effort.
I also have seen what cuts in Gov. spending does to an eco system. Over the last 6 years you can see the difference between the Obama (Demo) approach and the GOP approach as you look at the UK (conservative party) Germany and other EU nations who took a more conservative approach than did the USA. Today my stock account supports me not the Gov. It has more than doubled since Obama came to office. So I guess you could say my own self interest makes me hope the cut and less tax crowd is defeated politically. Their policies are a real threat to my well being. Spending should be cut but in a slow sane manor that does slow down growth. Anything else is failure. IMHO
strokerbe I basically threw the dice with a small bet in an IRA account as I thought that .16 cents was worth a gamble. I think any real up tic in oil will take at least another 3 months or longer before lack of drilling and the fall off of new wells starts to eat away production numbers which are hanging tough so far. LEI is not a sure fire bet to go up like a more secure small E&P like AXAS but at the low price even a .20 cent rise will produce a double of investment which I think may happen if oil gets to 60 bucks and trending upward. It is clear that the lien holder of LEI paper does not want to see LEI go BK and that news jumped lei up to .40 cents before it retreated downward so .40 is a real target price down the road if oil get going back up. Keeping from getting greedy on this stock may be the biggest threat as it could indeed go BK even at 80 bucks oil. It has been for a while now a failure and not ran very well IMHO but worth a small gamble I think.
Thanks for your response tone clearly you are a man who does not have to put down others in an effort to raise himself as most seem to want to do. Good luck
burghboy I made both a on topic post and OT post this morning what have you made? What you posted has zero to do with FRO so along with your disagreement with OT posting which you can by title of post easy avoid how about you post something about FRO or oil or shipping even or continue to post protest all are your right to do on this board.
scs interesting question at first glance it appears totally wrong to suggest such a thing. However given what I see from voters today who do vote I am not sure that the finale out come would change too much. The left and right would vote as they do now and lets face it they vote a stronger % than does the masses in the middle. The middle would have a % of informed voters or issue driven voters who again most likely would vote anyway and vote as they have. That leaves the folks that do not choose to vote because it is not worth effort. In here you would find a lot of older voters who have difficulty doing anything outside the nursing home or their homes. Then those who too busy with fun or work or whatever is in their minds more important to them than voting (usually the young is found here) Too assume that the old and young are stupid and that is why they do not vote I think is painting with too broad a brush especially given the "stupidity" of the right and left voters. Would more uninformed uninterested folks show up to vote? Yes and they would end up voting on one or more issues or the looks or lies of those running for office (as some do now)
In Texas scs as you know carrying a gun to show the world you are armed is VERY important to Texas voters while stopping texting and driving is not up to that level. So common sense has little to do with what makes folks at least in Texas go vote. In Texas they are more home owners than business owners and the voters were told that vote for me I will lower your home taxes and in fact they have started to try to do just that but the final bill that passed the Senate yesterday was one that gave more tax relief to business owners than home owners so I guess business owners who give money to politicans count more than voters who voted to get their taxes lowered. The do that of course while Texas remains the highest % population of uninsured health care folks in the USA. Force Vote? who cares?
That is the reason NAT has went up almost a buck in 2 days. He says NAT will earn 35,000 a ship (suez)
during the first quarter and their cost is 12,000 to break even. Three bucks come in one pays for cost the other two to the balance sheet. I see no reason FRO can not come close to matching NAT results in Suez ships however FRO does not have that a cost per Suez ship so they will not get that kind of bang out of a 35,000 per ship price but it will be positive sign. Nat talks of increasing the dividend which I believe is again another reason for the up tic in price per share. FRO is not as forthcoming with their ideas on the quarter except for quarter releases so we will have to wait another almost 3 months before we know how the first quarter went for them. The LT look on tankers also was upbeat from NAT again another positive for FRO as well. Good thing NAT does press releases to get some good news on the table as the history for a long while has not much good in it.
lake 35% of the GOP voters would vote for a dead dog instead of any Demo so I give Trump/Palin ticket about 42% of the vote against any Demo. Regardless of those on the right say about how poor old GW is being blamed for wars that never happened until Obama became president or an eco that Obama crashed the independent voters memory is a little better than a right wingers held beliefs and the name Bush on the top of the tick would get at least 47% but no more than 49% against any Demo the bottom against Clinton the top against anyone else. Fla would vote for Bush so he would do better in electoral vote than popular but I do not see stealing an election like his brother pulled off.
If Bush wins the nood I wish the Demo would just automatically pull up Gore and lets have a rerun of sorts lol. Hillary health is still a concern not what the right wingers say about her but what she feels in her body. If she does not run I really do not have a clue who the Demo will pick. I would love Liz Warren but she would lose to Bush as the people still love capital and abuse from wall street more than sanity.
Lake a great mind like yours you should know what Bertrand Russell said about what we calling "Human Law" or natural law of humanity. https://search.yahoo.com/search;_ylt=Ai7TUIK_Asa122VutgbyiombvZx4?p=Bertrand+Russell&toggle=1&cop=mss&ei=UTF-8&fr=yfp-t-901&fp=1 here Russell says the morality of mankind comes from within and is not influenced by others. You claim it evolves from interaction of mankind which Russell takes serious issue with that suggestion while being interviewed. Funny that is exactly what Lewis believes. If the site does not post look up Bertrand Russell interview on God and hear for yourself.
No mater how many times you say it evolution is not a fact it remains a theory. You even said you could not prove what you believe in one of your weaker moments of truth rare as they are. They are indeed many different "theories" within the evolution camp and Darwins theory has in fact been proven wrong by failed may fly experience which demand by the law of science when a theory can not be proved by observation or repeating with same results and in fact the attempts fail then the theory fails. There is evolution within a species such as man growing taller or shorter the reason for such development are again up for debate.
The small horse does not prove evolution no more than a midget or dwarf proves anything about mankind except they exist. Dogs and cats and live stock of value are breed into different types of their species for many different reason and so far mankind has been sold for steak by such changes in cattle.
Lake watch out that your head does not tilt over your body that is a Law of Nature a big head makes the body out of balance and gravity will take you down.
When I was in Viet Nam a guy with a MA in English was a good friend to us all. To pass time we would get out a dictionary and open it to a page and point to a word and try to stomp the guy. We never did. His every day talk with us of lessor skills in the Kings English was far more in the gutter than any of the rest of us and we had some real gutter rats. When ask why he choose to talk the way he did instead of impressing us with his verbal skills he said the purpose of communication is to be understood. We sure understood him ok and admired for his intelligence but more than for wanting to in communication with his buddies enough to make sure he was understood. Intelligence is not something to be used like a sword to slay all those who you feel superior too. You remind me of Shelton on Big Bang in not only your disbelief but in how totally egoist you come off. Poor Shelton is so smart he is stupid almost worthless without his keepers which he abuses. It is funny in a TV sitcom but in real life his kind is to be pitied the most.
I never claim to be a mind reader so I have no clue why you do not insult Grump who is close to as egotist as you are so maybe you are brothers or just share a lot of the Nature of mankind which clearly you both do.
Suez rates holding up nicely as VLCCF falls back a little so maybe NAT being totally Suez is moving up in response to that but even FRO is starting to make a move oil is down but the E&P boys are all up today as well.
Oil storage is way up but drilling is way down and refineries have been shut down to try to jack up gas prices for summer driving season ( I know they claim they have to do that and claim that every year and raise prices every year so use your brain and decide what you believe) Once the refineries start to draw down storage and the lack of new wells kick into production of oil numbers the storage will drop down rather fast the down the road price of oil is above where it today and has been so for a while that is a signal non should miss. When futures start to go below current prices that would mean oil will drop more but that has not been the case so lately and futures have adjusted to the daily price swings of oil in a higher price down the road response. What that means for the tanker market is two more quarters of cheaper oil driven rates for sure which should help all balance sheets including FRO. If FRO starts a dividend in 2nd quarter I would be surprised but happy I would rather see them making money first.
Mr. Lake perhaps you should spend more time studying the "moral codes of man" your word for Natural Law of mankind that Lewis addresses. Human behavior is by both your thinking and CS Lewis something that can be observed noted and compared and indeed Human behavior is a recognized field of science studied and dealt with by the most part men of no faith in a God like you. After all Mr. Lake you believe in evolution
of man from lower animal form. That process evolves more than shape,height, color, and brain size but also behavior as well. All animals on planet earth (mankind included) have a common behavior pattern and even a set of what you call "moral codes" with lower animals scientist do not use the term moral to deal with animals but clearly they have very predictable styles of life and behavior as any good hunter knows and better understand. The Human being is not the only "just happened" on planet earth that has no "moral code" in which to follow. It would be the position of a non believer that such "moral codes" just happened as well as all the other things about life on earth that just happened. If they did not just happen then that must mean there was a direction force involved in the DNA of life on planet earth. The DNA of "moral code" of animal life is present and can be expected, seen and even predicted as can many of mankind's "moral code behavior" The thing is real the only debate is did it just happen or was it directed. That we can debate and you and I have so we both know where the other falls on the debate. However I can by your "moral code" behavior a clear pattern which is almost identical to that of a person on the right. While you both have 180degree difference in what you feel and believe I can without fail predict a nasty, self-centered, insulting, name calling response to anyone who dares to disagree. The question is do you and they realize deep down in your moral code that such behavior is wrong or not?