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"North Dakota’s Oil Boom Brings Damage Along With Prosperity"

"Oil drilling has sparked a frenzied prosperity in Jeff Keller's formerly quiet corner of western North Dakota in recent years, bringing an infusion of jobs and reviving moribund local businesses. But Keller, a natural resource manager for the Army Corps of Engineers, has seen a more ominous effect of the boom, too: Oil companies are spilling and dumping drilling waste onto the region's land and into its waterways with increasing regularity."

Source: ProPublica, 06/08/2012

"Oil Below $83 After Fed Gives No Stimulus Hint"

"LONDON -- The price of oil fell to below $83 a barrel on Friday after Federal Reserve Chairman Ben Bernanke gave no hint that the central bank is planning stimulus measures to revive a faltering recovery."

Source: AP, 06/08/2012

"Weather Center: 50 Percent Chance of El Nino Later This Year"

"There is a 50 percent chance the feared El Nino weather pattern which can trigger droughts in Southeast Asia and Australia and floods in South America may strike later this year, the U.S. Climate Prediction Center warned on Thursday."

"In its strongest prediction so far that El Nino could emerge, the CPC said conditions are still expected to be neutral between June and August, but there is a 50 percent likelihood that El Nino will develop in the remainder of the year.

Source: Reuters, 06/08/2012

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