Frontline Ltd. Message Board

But the democrats thought it was more important to close WH tours and punish the children. I didn't want to believe it but I guess its true dems don't know how to budget their money? I mean you can't find 70 billion to save in all the governments needless spending but biden and his entourage stay in 5 star hotels for a million dollars?

The horror of the democrat mind.

Rogere said that it may be time to gamble on FRO if falls below $2.50. However, he had reservations because the sequester which Obama implemented to get his budget ceiling raised was about to go into effect. And Rogere stated that if the republicans hold up the sequester than he may not be able to gamble at $2.50.

So lets review, FRO falls below $2.50 and the sequester has been set in motion. Today we find out the Federal Govt is employing 400 new workers (article can be found at Drudge) and there are no long delays at airports.. The dow has jumped higher than ever and FRO today is trading at $1.84 currently. Now I am no genius but I think everything Rogere has said is now proven to be false.

By the way here is my insight FRO is screwed as long as the war on oil, the war on fossil fuels, and a looming carbon tax is hanging in the balance with the continuation of this president and his intellectually handicap administration. Furthermore, the entire stock market is riding on the excess liquidity of QE1-3 and has been artificially inflated thanks to Bernake and the Federal Reserve. Currently the economy has a major drag on it brought by Obamas administration and there need to see it decline. Because a declining economy makes them look better and they are hoping to take back the house in 2014. I look to local businesses in my community, the massive decline in the average gallon of gasoline being used in this country and the overall negative and dire statements coming from the left with every matter of political responsibility that falls before them.

If you are going to buy FRO you only buy it believing JF is going to front his own cash to solve this crisis coming in April. Any other way of acquiring cash means more debt and prolonged agony in my opinion. Otherwise stay clear of FRO and buy Farmland, Natural Gas, Gold. These three items are somewhat democrat proof and for the uninformed voter that means idiot proof.

The horror of the democrat mind.

Since I cant seem to post a link but it should not be hard to find (eia.gov). Gasoline demand has fallen a lot according to "U.S. Energy Information Administration." The consumption for gasoline right now per month is lower than it was since 1984. You can find the charts at there website but I posted some numbers below. I mentioned I think the problem these tankers are having is that demand for oil has fallen not so much the over capacity of tankers. I mean 4 years ago all of them thought they were going to need those tankers and it turns out they don't. I mean when you hear they are slowing down the speed of the ships in the water to save money that sure doesn't sound like a rush to get the product to market.

U. S. Total Gasoline Sales by Refiners (Thousand Gallons Per Day)
November 2012 = 28,137.8
November 2010 = 42,857.0
November 2008 = 54,080.6
November 2004 = 57,017.9
November 1999 = 59,078.1
November 1989 = 61,339.0
November 1984 = 58,075.3