Active Rigs Fall Below 120 -- February 27, 2015

Active rigs:

	2/27/2015	02/27/2014	02/27/2013	02/27/2012	02/27/2011
Active Rigs	119	194	181	205	169

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Watching AppleWatch

Apple will roll out the Apple Watch in March, 2015, less than a month from now.

Until then we will start seeing stories on what the Apple Watch is likely to be used for. Example: Fortune is reporting:

Cook envisions the Apple Watch replacing car keys, particularly the fobs now used for a number of newer vehicles. As The Telegraph notes, such a feature is sure to add fuel to the rumors swirling around Apple’s potential entry into the automotive industry.

Quick: how much does your replacement fob cost you now? About $250. 

More:

The watch will have a battery life that lasts an entire day. And, it won’t take as long to charge as an iPhone, thanks to what The Telegraph called “special magnet technology” used in the watch’s charger.

And more:

• The new product differs from previous Apple product rollouts because it’s the first time the company has released something that users have to try on before purchasing. That may lead to Apple “tweaking the experience in the store,” said Cook. The CEO also praised the company’s new retail chief, Angela Ahrendts, left her role as Burberry’s CEO last year to run Apple’s online and retail stores.

This is going to be exciting. Tim Cook will tell you why you need an Apple Watch. LOL.

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Watching India

Forbes is reporting:

The World Bank predicts India will overtake China to become the world’s fastest-growing major economy within the next two years. It might even happen sooner. Not long ago India was considered the weakest link among BRIC countries. Now, led by competent leadership in the central bank and government for the first time in decades, the economy is quickly turning the corner.

India is expected to benefit from a “demographic dividend” for years to come. The country will soon have 20% of the world’s working-age population, and boasts a birthrate of 2.5 children per woman. The statistics are staggering. The working-age population, aged 15-64, will rise by 125 million over the next decade, and another 103 million over the following decade. India probably needs to create 100 million net new jobs over the next 10 years just to keep pace with its explosive population growth.