Singapore stock calls for 29 September 2016

Tharman is not the man for SG PM.

https://sg.news.yahoo.com/dpm-tharman-on-yahoo-survey-im-not-the-man-for-130150277.html

As predicted in our earlier post, Tharman has declared himself not the man for SG PM.  However, he's up for another post that the current PM is seeking to change.

US is losing support in ASEAN!

https://sg.news.yahoo.com/duterte-says-upcoming-philippines-war-games-us-last-143145972--business.html

Philippines is breaking up with USA because USA had played a fool out of Philippines over the PCA ruling on South China Sea which was an illegal ruling.  Furthermore, USA had refused to reimburse Philippines for PCA legal cost which amounted to USD$30m.  USA also interfered in Philippines' internal affairs which angered Duterte.

Stockbank announcement!

Stockbank LLP is pleased to announce that Business wire has approached Stockbank to be its news publishing partner again after stockbank.com.sg ceased operation.  Business wire news will be published on this blog and http://stockbanksg.wixsite.com/stock/news.

Singapore stock calls for 28 September 2016

Singapore stock calls for 27 September 2016

Is anti-singapore sentiment brewing in China or someone is trying to frame SG?

http://news.asiaone.com/news/singapore/singapore-envoy-refutes-china-report-south-china-sea

Is Tharman likely to be the next SG PM?

https://sg.news.yahoo.com/most-singaporeans-would-choose-tharman-1523976433713206.html

Politically, Tharman is unlikely to be the next SG PM.  Why? Well, this is because SG survival is highly dependent on its role to be the facilitator between the east and west.  If Tharman is the next PM, SG will lose its close fraternity with China as China will view SG differently.  China will view SG without a Chinese root and won't give preferential treatment to SG.  LHL has also indicated that the next PM must be able to speak Mandarin and Tharman is not able to do that.  Without a Chinese root, SG survival is going to be tougher in a more challenging environment.

LHL has been trying to change the presidential requirements for some hidden agenda.  Time will reveal the truth in the future.

Singapore stock calls for 26 September 2016

What else did DBS do wrong?

Why did DBS say Yuan (RMB) was the big China risk?  Well, DBS speculated in Yuan and was suspended for such activity in China.

http://www.cnbc.com/2016/01/06/dbs-ceo-piyush-gupta-tells-wealth-clients-focus-on-yuan-not-pmi.html

http://www.straitstimes.com/business/banking/china-suspends-yuan-trading-by-dbs-stanchart

DBS was one of the culprits that dabbled in yuan speculation and got punished by China but trying to get back on China by talking about yuan depreciation would only irk China more.

Baltic dry index - 941

Today, Friday, September 23 2016, the Baltic Dry Index climbed by 4 points, reaching 941 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 511

HOUSTON (AP) -- The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 511.

A year ago, 838 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one.

Louisiana, New Mexico and West Virginia each declined by one rig.

Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

DBS failed to see warning signs for Swiber before default and claimed that it imploded suddenly.

DBS claimed no sign of distress for Swiber and extended more loan to Swiber.  How true is this claim?

http://www.todayonline.com/business/dbs-chief-gupta-defends-decision-extend-lifeline-swiber

However, Kim Eng and S&P stated red flags were there for some time prior to the default.

http://www.straitstimes.com/business/companies-markets/swibers-woes-warning-signs-were-there-for-some-time

http://www.businesstimes.com.sg/companies-markets/there-were-signs-pointing-to-swibers-troubles-before-collapse-sp-global

USA is losing its staunch allies to China!

UK joined AIIB despite USA's protest.

Canada is applying to join AIIB now.
http://www.japantimes.co.jp/news/2016/08/31/business/economy-business/canada-snubs-u-s-seeking-join-china-led-aiib/

Canada is also trying to establish FTA with China.
https://sputniknews.com/politics/20160923/1045613786/china-canada-mull-free-trade.html

Singapore stock calls for 23 September 2016

TPP is doomed to fail as it is an unfair business pact for ASEAN.

http://www.bangkokpost.com/business/news/1087705/vietnam-delays-tpp-vote

TPP is never a good and fair business pact and Europe has already rejected TTIP which is TPP in European version. TPP cannot proceed as all countries involved must ratify it.

Singapore stock calls for 22 September 2016

Singapore stock calls for 21 September 2016.

Singapore stock calls for 20 September 2016

Singapore stock calls for 19 September 2016.

Baltic dry index - 800

Today, Friday, September 16 2016, the Baltic Dry Index climbed by 36 points, reaching 800 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 506

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 506.

A year ago, 842 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 416 rigs sought oil and 89 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Oklahoma gained three rigs and Alaska was up one.

Louisiana declined by two rigs and North Dakota and Texas fell by one each.

Arkansas, California, Colorado, Kansas, New Mexico, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Singapore stock calls for 16 September 2016

Will breaking the law in good faith exonerate your guilt?

http://news.asiaone.com/news/singapore/kong-hee-had-used-city-harvest-churchs-funds-good-faith-lawyer-says

Laws are not meant to be broken whether in good or bad faith. Breaking the law in good faith will not exonerate your guilt. If someone robs the rich to give it to the poor, he is also robbing in good faith and doesn't seek any personal gain for himself but that doesn't mean he is not guilty under the law.

The lawyers are damn stupid to argue in this way.

USA and Japan are still looking to stir up troubles in South China Sea.

https://sg.news.yahoo.com/japan-boost-south-china-sea-role-training-patrols-024915637.html

USA and Japan (non-claimants) are still looking to stir up troubles in South China Sea when claimants have agreed to handle their differences with China bilaterally.

There has not been a single instance in South China Sea where there is no freedom of navigation by commercial ships. Asean knows what the USA & Japan are up to and will not follow them.

Duterte has put actions into his words!

http://www.bloomberg.com/news/articles/2016-09-13/duterte-courts-china-for-weapons-ends-joint-patrols-with-u-s

Simple maths problem

There are 18 students in a party.  Each boy eats 5 sweets and each girl eats 3 sweets. In total, boys eat 42 sweets more than girls. How many more boys are there?

Singapore stock calls for 15 September 2016

Singapore stock calls for 14 September 2016

Vietnam and China agree to manage differences in South China Sea.

Vietnam and China will manage differences in South China Sea bilaterally without USA involvement.

http://timesofindia.indiatimes.com/world/china/China-Vietnam-to-properly-manage-differences-over-South-China-Sea/articleshow/54311854.cms

USA is losing support in South China Sea.

USA is quickly losing support in South China Sea. It will risk alienating itself and be ostracised by ASEAN because ASEAN know USA's ulterior motive now.

https://sg.news.yahoo.com/philippine-leader-rejects-joint-patrols-eyes-china-weapons-111420199.html

Singapore stock calls for 13 September 2016

Baltic dry index - 804

Today, Friday, September 09 2016, the Baltic Dry Index climbed by 12 points, reaching 804 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 508

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 11 this week to 508.

A year ago, 848 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 414 rigs sought oil and 92 explored for natural gas this week. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Louisiana gained eight rigs, Texas was up four, Utah and West Virginia each increased by two and Ohio by one.

Oklahoma declined by four and New Mexico was off two.

Alaska, Arkansas, California, Colorado, Kansas, North Dakota, Pennsylvania and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Singapore stock calls for 9 September 2016

Iphone 7 problems!

Apple is treating consumers like idiots. Iphone 7 is easily scratched and has no headphone jack.

No wonder ex-chairman from A-Star called iphone users Dummies. I guess he was right afterall. Heehee!

http://www.theverge.com/circuitbreaker/2016/9/7/12836762/iphone-7-announced-black-scratch

Singapore stock calls for 8 September 2016.

Russia supports China overtly to reject PCA ruling!

https://sputniknews.com/world/20160905/1044988523/russia-china-putin.html

Russia has declared its position on South China Sea and supported China to reject PCA ruling.  Furthermore, it is asking non-claimants to stay out of South China Sea especially USA.

http://asia.nikkei.com/Politics-Economy/International-Relations/Russia-backs-China-s-call-for-US-to-stay-out-of-South-China-Sea-row

Russia will be involving in South China Sea which will restraint USA's influence.

ASEAN will be disintegrated once its members allow USA to meddle in South China Sea.

Countries that overtly support China: Russia & Thailand (latest update)

Countries that overtly support USA: None so far. (Duterte even called Obama son of whore)

When any Asean country overly supports USA, Asean will fall apart.  For eg, if SG supports USA overtly, China will use Malaysia to punish SG.  If Vietnam supports USA overtly, China will use Cambodia & Loas to punish Vietnam because Vietnam invaded its neighbouring countries in the past.  If Indonesia supports USA openly, China will use Malaysia & Brunei to punish Indonesia (muslims against muslims).

How can Asean be united like before when 2 super power countries use Asean to fight against each other for their own political causes and interests?

USA will definitely lose out in South China Sea because ASEAN wants to maintain peace, stability and unitedness but USA will still have a consolation price by selling its weapons to ASEAN when it creates chaos in South China Sea.

Thailand has declared openly its support for China to maintain South China Sea.

http://www.businesstimes.com.sg/government-economy/thailand-supports-chinas-efforts-to-maintain-maritime-peace

Singapore stock calls for 7 September 2016.

Singapore stock calls for 6 September 2016

Singapore stock calls for 5 September 2016.

SpaceX explosion was caused by UFOs.

https://www.youtube.com/watch?v=EXRWFGNqAm0

SpaceX explosion was caused by UFOs flying past it.  Look like aliens don't want too many satellites to orbit around earth.

Australia declares that PCA has no jurisdiction!

http://www.thestar.com.my/news/regional/2016/08/30/e-timor-urges-court-to-end-sea-border-row-with-australia/

Australia has declared PCA has no jurisdiction for its own case with East Timor but it wants China to respect and adhere to PCA's ruling on South China Sea. This is what happens when we allow a private organisation like PCA to rule on international matters. This will subject international laws to be interpreted differently. We must uphold a common set of interpretations for international laws.

Obama's daft comments on China!

Obama has disgraced and deceived himself and the world with such a blatant daft speech.

http://www.channelnewsasia.com/news/asiapacific/obama-urges-china-to-stop-flexing-muscles-over-south-china-sea/3096848.html

What's wrong with the speech?

Who is the one flexing muscles in south china sea with 2 aircraft carriers and several destroyers? USA!

Yes, China is signatory to the UN convention on the law of the sea but USA is not. Why is USA using a law which itself doesn't recognise?

UN convention on the law of the sea must not be subjected to different interpretations by different parties. There is only 1 international court and it is ICJ. PCA is just a private organisation without legal authority to rule on international matters. If you look at PCA's website, you cannot find anything on it to substantiate its legality as a court as to who and what empower PCA to be an international court. Furthermore, it states clearly on its website that it is not a court in traditional sense but a framework.

PCA is a private organisation that doesn't recognise historical claim but ICJ which is backed by UN recognises historical claim as it is a backbone of all sovereignties. Without historical claims, many nations wouldn't exist today including USA.

Terra Nullius was a historical claim used by SG in Pedra Branca case against Malaysia in ICJ and ICJ awarded Pedra Branca based on that. Please refer to https://en.wikipedia.org/wiki/Pedra_Branca_dispute for more information.

If the world accepts PCA's ruling, it is empowering a private organisation to rule on international matters and also subjecting international laws to different interpretations. Where will UN and ICJ stand if a private organisation can rule on international matters?

The world must uphold the integrity of international laws and there must be a common interpretation but not different interpretations. Therefore, we cannot allow a private organisation to rule on international matters.

Baltic dry index - 720

Today, Friday, September 02 2016, the Baltic Dry Index climbed by 8 points, reaching 720 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 497

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 497.

A year ago, 864 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 407 rigs sought oil and 88 explored for natural gas this week. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Oklahoma, Wyoming and Texas gained four rigs each, Pennsylvania was up two, while North Dakota and West Virginia increased by one apiece.

Louisiana declined by seven and Colorado was down one.

Alaska, Arkansas, California, Kansas, New Mexico, Ohio and Utah were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Singapore stock calls for 2 September 2016.

Simple maths puzzle.

Singapore stock calls for 1 September 2016.

Singapore stock calls for 31 August 2016

Singapore stock calls for 30 August 2016.

Singapore stock calls for 29 August 2016.

Why is the world willing to move on after Nazi but not Japanese occupation?

The reason is simple. The Germans apologized with utmost sincerity for the atrocities committed by the Nazis. When you visit any museum that displays Nazi's history and crimes, you can see a true account of the past. The Germans do not whitewash their acrimonious past.

https://www.washingtonpost.com/news/worldviews/wp/2015/08/13/germany-won-respect-by-addressing-its-world-war-ii-crimes-japan-not-so-much/

For Japan, the Japanese tried to whitewash their unglamorous past starting with their school textbooks and also protested against the Unesco Nanjing Massacre listing. Why? This makes it hard for Japan to deny the Nanjing Massacre when it is listed under the Unesco.

https://www.theguardian.com/world/2015/oct/13/japan-threatens-to-halt-unesco-funding-over-nanjing-listing

Not only does Japan government whitewash its history, it also worships the war criminals in the yasukuni shrine. This is akin to extolling their ruthless actions during WW2 especially when the government officials visit the shrine on an annual basis.

The world will never forgive Japan and move on because of insincere apology. The world cannot reconcile Japan's insincere verbal apology with regular yasukuni shrine visits and history whitewashes.

Baltic dry index - 720

Today, Friday, August 26 2016, the Baltic Dry Index climbed by 2 points, reaching 720 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 489

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by two this week to 489.

A year ago, 877 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 406 rigs sought oil and 81 explored for natural gas this week. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Pennsylvania gained two rigs and Wyoming was up one.

Colorado, Louisiana, Ohio, Texas and West Virginia each declined by one.

Alaska, Arkansas, California, Kansas, New Mexico, North Dakota, Oklahoma and Utah were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

No need for USD anymore!

https://sg.finance.yahoo.com/news/iran-south-korea-begin-trade-124043465.html

USA has lost its power of influence in Middle East.

https://sg.news.yahoo.com/kerry-lavrov-meet-geneva-discuss-syria-ukraine-082549047--politics.html

USA couldn't decide unilaterally in Middle East anymore without involving Russia compared to the past.  No more hegemonic status!

TPP won't be approved this year.

http://www.channelnewsasia.com/news/world/tpp-deal-won-t-get-senate/3075360.html

TPP won't be approved this year and the new incumbent president also won't approve it either.  Both presidential candidates stated very clearly in their propagandas that they won't approve TPP because TPP was detrimental to USA economy.

Any changes to TPP will have to be re-negotiated with Asia countries and this is very time-consuming.  Therefore, TPP has virtually no success rate in the future.

Singapore stock calls for 26 August 2016

Singapore's economy will falter soon!

https://www.youtube.com/watch?v=-ia7RWlxDPc

As Singapore gets more and more supportive of USA's stance on South China Sea, China will block and tackle SG.  The Krai canal construction seems to have started insidiously as reported by China's news media.  This has been China's strategic move to counter USA's power in Straits of Malacca.

Singapore stock calls for 25 August 2016

Singapore stock calls for 24 August 2016

Singapore stock calls for 23 August 2016

China has upgraded its destroyer for South China Sea.

In view of further aggressive stance in South China Sea from USA, China has upgraded its destroyer with more lethal and advanced weapons. The 32-cell launch pad can contain 64 missiles in total.

http://sputniknews.com/military/20160810/1044143258/beijing-china-dispute-destroyer-missiles.html

China and Russia will be conducting naval exercise in South China Sea in September 2016.

China and Russia will be conducting a drill in South China Sea this September. This is to show the world that China and Russia are standing together on the South China Sea issue. Any country which is creating trouble in South China Sea will have to deal with 2 powerful nations, not just China per se.

http://www.reuters.com/article/us-southchinasea-china-drills-idUSKCN1080O8

Singapore stock calls for 22 August 2016

Baltic Dry Index - 683

Today, Friday, August 19 2016, the Baltic Dry Index climbed by 1 point, reaching 683 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 491

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 491.  A year ago, 885 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 406 rigs sought oil and 83 explored for natural gas this week. Two were listed as miscellaneous.  The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Political powers are shifting around the globe now!

USA tries to interfere in South China Sea that angers China.  Therefore, China is interfering in Middle East to get back at the USA.  China will be supporting Syria in the Middle East with military training and aids.  This is an excellent strategic move because Syria is an oil producing nation and China can import oil from Syria in RMB, not in USD.

https://www.rt.com/op-edge/356281-isis-china-russia-iran-syria/

With Russia and China support, Syria is pounding US-backed Kurdish troops by bombing them.

https://sg.finance.yahoo.com/news/syria-regime-pounds-kurdish-positions-second-day-170632363.html

We can see that Russia and China have formed a strategic alliance against the USA in South China Sea and Middle East.

For the first time in history, Iran has allowed Russia to use its airbase to bomb IS in Syria.  This is a political changing event which angers the USA.  Iran is overtly expressing its support for Russia involvement which will greatly reduce USA influence.

http://abcnews.go.com/International/wireStory/iran-official-permanent-russia-base-syria-strikes-41447307

Russia is also pressuring Turkey for access to its airbase to bomb IS in Syria and the primary motive is to create ramification in NATO since Turkey is one of NATO members.  With burgeoning supports from Iran, Syria, Turkey and China, Russia will become a major decision maker in Middle East.

http://www.theaustralian.com.au/news/world/the-times/russia-presses-turkey-for-access-to-us-incirlik-air-base/news-story/6872e14557dcd3bc86ede133d859d430?nk=1245f5e8f694d265d6215354926a07ca-1471673751

Singapore stock calls for 19 August 2016

China warns Singapore not to interfere in South China Sea.

China has warned Singapore not to interfere in South China Sea after PM Lee's remarks in USA. SG better listens or China will whip SG's economy. SG has been a USA supporter without much economic benefit. Latest economic statistics showed that sales to USA slid 19% and sales to China slid 17%.

http://www.scmp.com/news/china/diplomacy-defence/article/2004638/china-urges-singapore-not-interfere-south-china-sea

http://www.theedgemarkets.com.sg/node/292941

Singapore stock calls for 18 August 2016

Singapore stock calls for 17 August 2016

Singapore stock calls for 16 August 2016

Singapore stock calls for 15 August 2016

Baltic Dry Index - 671

Today, Friday, August 12 2016, the Baltic Dry Index climbed by 18 points, reaching 671 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 481

HOUSTON — 

The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481.

A year ago, 884 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 396 rigs sought oil and 83 explored for natural gas this week. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Texas gained 13 rigs and Colorado, New Mexico, North Dakota, Ohio and Utah were up one each.

California declined by one.

Alaska, Arkansas, Kansas, Louisiana, Oklahoma, Pennsylvania, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Singapore stock calls for 12 August 2016

Singapore stock calls for 11 August 2016

Singapore stock calls for 10 August 2016

Singapore stock calls for 8 August 2016

Baltic Dry index - 636

Today, Friday, August 05 2016, the Baltic Dry Index showed no change, remaining at 636 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

US rig count - 464

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 464.

A year ago, 884 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 381 rigs sought oil and 81 explored for natural gas this week. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Texas gained three rigs, New Mexico two and North Dakota and Oklahoma one apiece.

Louisiana declined by four while California, Colorado and West Virginia fell by one each.

Alaska, Arkansas, Kansas, Ohio, Pennsylvania, Utah and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Singapore stock calls for 5 August 2016

Economic crisis is developing in South Korea.

An economic crisis is developing in South Korea because of the establishment of THAAD system.

China has started to whip South Korea for being a bad neighbour because it is threatening China's national security with THAAD.

China starts with anti-dumping tariff for steel imports from South Korean and has moved on to ban Korean TV contents and talents.  South Korea's economy is heavily dependent on 10 conglomerates such as Samsung, LG, Hyundai, etc.  Therefore, China will start to attack these 10 conglomerates so that South Korea will back down on THAAD. 

http://variety.com/2016/biz/asia/china-confirms-ban-on-korean-content-talent-1201830391/

http://www.japantimes.co.jp/news/2016/07/24/business/beijing-slaps-duties-on-japan-eu-south-korea-over-steel-imports/

China has started to aim its missiles at THAAD site in South Korea for self-preservation purpose.  Is THAAD really a safety measure for South Korea or THAAD a danger?

THAAD is used for protection against high altitude missiles but North Korea has mostly low altitude missiles and low flying rockets.  THAAD cannot be used for those low flying missiles and rockets such as scuds.  Therefore, only patriot missiles can protect South Korean against low flying missiles, rockets and artillaries.

http://38north.org/2016/03/jlewis030716/

It is estimated that North Korea has more than 10,000 mobile rocket launchers and these will be used to attack South Korea during the war.  Therefore, South Korea's main threat is these 10,000 mobile rocket launchers which the THAAD system cannot detect and destroy.  Many analysts know this and know that the true purpose of THAAD is to suppress China & Russia's ICBMs.

Singapore stock calls for 4 August 2016

Singapore stock calls for 3 August 2016

Singapore stock calls for 2 August 2016

Singapore stock calls for 1 August 2016