Word: surpluses
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...supply side, gas output from drilling has been much greater than anticipated, leading to a surplus that has deflated prices. This in turn has made many drilling operations unprofitable. The number of natural gas rigs operating in the U.S. has fallen well over 50% in the past year, according to EIA data. Because a given well's output decreases over time, producers need to drill new wells continually to keep up production. Thus, the falling rig count raises concern about the longer-term-supply outlook...
...hard for many Americans to believe, but the United States' checkbook hasn't always been in the red. Aside from periods of war or economic turmoil, the federal budget was actually in surplus for most of the nation's first 200 years. The government incurred considerable debt during the Civil War and the Spanish-American War but paid it off by the early 1900s. Between 1901 and 1916, the budget was almost always balanced. But then came the Great Depression followed closely by World War II, which resulted in a long succession of deficits that caused the federal debt...
...federal government's spending oscillated over the subsequent decades, running a surplus in the good years and a deficit in the bad ones, until the early 1980s. President Ronald Reagan's economic and foreign policies - tax cuts combined with substantial increases in Cold War-era defense spending - led to a string of deficits that averaged $206 billion a year between 1983 and 1992. The balanced-budget acts of 1990 and 1997 helped reverse this unprecedented level of peacetime spending, and in 1998 the U.S. recorded its first budget surplus in nearly 20 years...
...doesn't mean that deficits are good, either. The U.S. covers the shortfall by issuing more government bonds, which can drive up interest rates and lead to inflation. Deficits also make it harder for a financially strapped government to deal with unexpected disasters. In fact, the last U.S. budget surplus occurred in 2001, when Washington was able to use fiscal and monetary policies to cushion the fallout following 9/11 and keep the economy from tumbling into a recession...
...shrouded in mystery. The history of the gang and its current membership are murky topics, and what goes on inside its secretive clubhouses tends to stays there - just as the bikers want it. The Hells Angels Motorcycle Cub began in Fontana, Calif., in 1948, at a time when military surplus made motorcycles affordable and the placid postwar years left many veterans bored and itching for adventure. A vet named Otto Friedli is credited with starting the club after breaking from one of the earliest postwar motorcycle clubs, the Pissed Off Bastards, in the wake of a bitter feud with...