Hydraulic fracturing for oil and gas is posing a growing risk to water supplies in several regions around the country, according to a new report. Competition between water use for fracking and other uses is not new, particularly in dry areas, but as oil and gas production rises, the issue will only grow in importance.
Colorado flooding has submerged the state's fracking sites underwater. At least one pipeline has already been confirmed to be broken and leaking, and as the Colorado flooding subsides, it is only expected that more broken infrastructure and leaks will begin to surface.
BP says Halliburton destroyed evidence that it did faulty cement work on the oil will that leaked into the Gulf. Halliburton denies claim.
BP settlement: Anadarko Petroleum Coro., which had a has 25 percent working interest in BP's Macondo Prospect, the site of the Deepwater Horizon drilling rig explosion, will pay BP $4 billion toward cleaning up the Gulf of Mexico oil spill.
Oil futures slipped 3 cents to $97.38 a barrel for West Texas Intermediate crude. In London, Brent oil futures fell 5 cents to $117.38.
The Dow fell about 240 points in May, which ended a five-month stretch of gains. Stocks closed higher on Tuesday with news of a possible Greek bailout package.
The Dow fell about 3 points, ending a four-day winning streak