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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

could become the world’s largest oil producer in 2018, surpassing Saudi Arabia and Russia. oil supply may be enough on its own to meet all of this year’s growth in global oil demand. In fact, 2018 may mark the first year shale producers will be able to fund future expansions of drilling programs through their own cash flow.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Although most governments are required to balance their budgets on a cash flow basis each fiscal year, a structural budget gap can arise when recurring expenditures are greater than recurring revenues. Of course, Chicago would also have to meet the other eligibility criteria. This is one of several eligibility criteria.