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Analysis: At margins of shale oil boom, a tempered euphoria

A naturally occurring oil seep is seen in McKittrick By Kristen Hays and Jonathan Leff HOUSTON/NEW YORK (Reuters) - For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to market. Now, at the periphery, that may be changing - at least for a while. News from two of the country's less developed shale plays in Colorado and Ohio last week offer a reality check for the wave of euphoria that has washed across the industry. ...


'Trek' does $70.6M but falls short of studio hopes

This undated publicity film image released by Paramount Pictures shows, Zachary Quinto, left, as Spock and Chris Pine as Kirk in a scene in the movie, "Star Trek Into Darkness," from Paramount Pictures and Skydance Productions. Since premiering Wednesday, May 15, 2013 in huge-screen IMAX theaters and expanding Thursday to general cinemas, "Into Darkness" has pulled in $84.1 million, well below distributor Paramount's initial forecast of $100 million. (AP Photo/Paramount Pictures, Zade Rosenthal) LOS ANGELES (AP) — "Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.


'Trek' does $70.6M but falls short of studio hopes

This undated publicity film image released by Paramount Pictures shows, Zachary Quinto, left, as Spock and Chris Pine as Kirk in a scene in the movie, "Star Trek Into Darkness," from Paramount Pictures and Skydance Productions. Since premiering Wednesday, May 15, 2013 in huge-screen IMAX theaters and expanding Thursday to general cinemas, "Into Darkness" has pulled in $84.1 million, well below distributor Paramount's initial forecast of $100 million. (AP Photo/Paramount Pictures, Zade Rosenthal) LOS ANGELES (AP) — "Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.


Insight: The fight for North Dakota's fracking-water market

The Trenton Water Depot in Trenton By Ernest Scheyder WATFORD CITY, North Dakota (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for fighting." It's not that they lack water, like Texas and California. They are swimming in it, and it is free for the taking. Yet as the state's Bakken shale fields have grown, so has the fight over who has the right to tap into the multimillion-dollar market to supply water to the energy sector. North Dakota now accounts for over 10 percent of U.S. ...


Today in History

Today is Monday, May 20, the 140th day of 2013. There are 225 days left in the year.

Today in History

Today is Monday, May 20, the 140th day of 2013. There are 225 days left in the year.

Asia markets up after US delivers positive data

BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday.

US gas prices up 11 cents over past 2 weeks

FILE - In this May 15, 2013 file photo, a service person works on sign at BP station at 35E and County Road E in Vadnais Heights, Minn. The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday, May 19, 2013 says the price of a gallon of regular is $3.66. (AP Photo/The Star Tribune, Marlin Levison, File) CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.


US gas prices up 11 cents over past 2 weeks

FILE - In this May 15, 2013 file photo, a service person works on sign at BP station at 35E and County Road E in Vadnais Heights, Minn. The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday, May 19, 2013 says the price of a gallon of regular is $3.66. (AP Photo/The Star Tribune, Marlin Levison, File) CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.


Consumer group flags high SPF ratings on sunscreen

FILE - In this June 14, 2011 file photo, Alivia Parker, 21 months, runs through circles of spraying water on a 100 degree day in Montgomery, Ala. Parker is wearing sunscreen with an SPF of 100. Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to a consumer watchdog group. (AP Photo/Dave Martin, File) WASHINGTON (AP) — Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to a consumer watchdog group.


Consumer group flags high SPF ratings on sunscreen

FILE - In this June 14, 2011 file photo, Alivia Parker, 21 months, runs through circles of spraying water on a 100 degree day in Montgomery, Ala. Parker is wearing sunscreen with an SPF of 100. Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to a consumer watchdog group. (AP Photo/Dave Martin, File) WASHINGTON (AP) — Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to a consumer watchdog group.


Consumer group flags high SPF ratings on sunscreen

FILE - In this June 14, 2011 file photo, Alivia Parker, 21 months, runs through circles of spraying water on a 100 degree day in Montgomery, Ala. Parker is wearing sunscreen with an SPF of 100. Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to a consumer watchdog group. (AP Photo/Dave Martin, File) WASHINGTON (AP) — Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to a consumer watchdog group.


Jamie Dimon under pressure ahead of investor vote

FILE - In this Wednesday, June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies before the Senate Banking Committee on Capitol Hill in Washington. Dimon, chairman and CEO of the biggest U.S. bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. (AP Photo/J. Scott Applewhite, File) NEW YORK (AP) — Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.


Jamie Dimon under pressure ahead of investor vote

FILE - In this Wednesday, June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies before the Senate Banking Committee on Capitol Hill in Washington. Dimon, chairman and CEO of the biggest U.S. bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. (AP Photo/J. Scott Applewhite, File) NEW YORK (AP) — Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.


Taylor Swift wins 8 trophies at Billboard Awards

Taylor Swift, center, performs at the Billboard Music Awards at the MGM Grand Garden Arena on Sunday, May 19, 2013 in Las Vegas. (Photo by Chris Pizzello/Invision/AP) Another day, another domination for Taylor Swift: She was the red hot winner at the Billboard Music Awards.


Powerful tornadoes strike in four central U.S. states

A tornado touches down southwest of Wichita, Kan. near the town of Viola on Sunday, May 19, 2013. The tornado was part of a line of storms that past through the central plains on Sunday. (AP Photo/The Wichita Eagle, Travis Heying) By Chris Francescani (Reuters) - A massive storm front swept north through the central United States on Sunday, hammering the region with fist-sized hail, blinding rain and tornadoes, including a half-mile wide twister that struck near Oklahoma City. News reports said at least one person had died. By 9:30 p.m. Central Standard Time, more than two dozen tornadoes had been spotted in parts of Iowa, Oklahoma, Kansas and Illinois, according to the National Oceanic and Atmospheric Administration and local news reports. ...


Tornadoes level homes in Okla., 21 injured

People survey damage from a tornado that hit Edmond, Okla., on Sunday, May 19, 2013. A powerful storm system rumbled through the Plains and upper Midwest on Sunday, spawning tornadoes that damaged roofs and structures near Oklahoma City and kicked up debris in Wichita, Kan. (AP Photo/Sean Murphy) SHAWNEE, Okla. (AP) — One of several tornadoes that touched down Sunday in Oklahoma turned homes in a trailer park near Oklahoma City into splinters and rubble and sent frightened residents along a 100-mile corridor scurrying for shelter.


10 Things to Know for Monday

An Egyptian supporter of ousted former President Hosni Mubarak celebrates an appeal granted by a court, in Cairo, Egypt, Sunday, Jan. 13, 2013. A court granted Hosni Mubarak's appeal of his life sentence in a Sunday, Jan. 13, 2013 hearing, ordering a retrial of the ousted Egyptian president on charges that he failed to prevent the killing of hundreds of protesters during the uprising that toppled his regime nearly two years ago. The ruling came one day after a prosecutor placed a new detention order on Mubarak over gifts worth millions of Egyptian pounds (hundreds of thousands of US dollars) he and other regime officials allegedly received from Egypt's top newspaper as a show of loyalty while he was in power. (AP Photo/Amr Nabil) Your daily look at late-breaking news, upcoming events and the stories that will be talked about Monday:


Phoenix police officer dies in fatal hit-and-run

PHOENIX (AP) — A Phoenix police officer and firefighter both died Sunday after suffering critical injuries in separate accidents on the job, officials said.

SKorea analyzing NKorea's 4 projectile launches

A South Korean army soldier passes by a barbed-wire fence in Paju, South Korea, near the border village of Panmunjom, Sunday, May 19, 2013. The South Korean military on Sunday have beefed up monitoring on North Korea and are maintaining a high-level of readiness to deal with any risky developments to guard against possibilities of additional missile launches and other types of provocations. (AP Photo/Ahn Young-joon) SEOUL, South Korea (AP) — South Korea is analyzing whether projectiles North Korea fired into its eastern waters over the weekend are short-range missiles or a new type of artillery the country may be developing, officials said Monday.


'Trek' does $70.6M but falls short of studio hopes

This undated publicity film image released by Paramount Pictures shows, Zachary Quinto, left, as Spock and Chris Pine as Kirk in a scene in the movie, "Star Trek Into Darkness," from Paramount Pictures and Skydance Productions. Since premiering Wednesday, May 15, 2013 in huge-screen IMAX theaters and expanding Thursday to general cinemas, "Into Darkness" has pulled in $84.1 million, well below distributor Paramount's initial forecast of $100 million. (AP Photo/Paramount Pictures, Zade Rosenthal) LOS ANGELES (AP) — "Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.


Venezuela says taking steps to restore U.S. diplomatic ties

Venezuela's Foreign Minister Jaua speaks during a press statement with his Brazilian counterpart Patriota in Brasilia CARACAS (Reuters) - Venezuela's recent designation of an acting head of its diplomatic mission in the United States shows the OPEC nation's desire to restore full diplomatic relations, the foreign minister said in an interview broadcast on Sunday. Disputes between Caracas and Washington were common during the 14-year-rule of late socialist leader Hugo Chavez, leaving both nations without ambassadors in each other's capitals. ...


US adviser on board of firm that sold anthrax drug

WASHINGTON (AP) — Former Navy Secretary Richard J. Danzig, who has served as a bio-warfare adviser to the president, the Pentagon, and the Department of Homeland Security, urged the government to stockpile an anti-anthrax drug while serving as a director for the company that supplied it, according to a report published Sunday.

Upmarket Pakistan district votes again as Imran Khan decries killing

An army soldier talks to election officials whom female voters go to for their ballot papers, inside a booth at a polling station during a re-polling for the general elections in Karachi By Katharine Houreld and Syed Raza Hassan ISLAMABAD (Reuters) - An upmarket constituency of Pakistan's violence-plagued city of Karachi voted again under tight security on Sunday, a day after gunmen killed a senior politician from a reformist party in the district and a week after general elections. It was not immediately clear who killed Zara Shahid Hussain, a leading member of the Pakistan Tehrik-i-Insaf (PTI) party of former cricket star Imran Khan. Imran blamed the killing on the Muttahida Quami Movement (MQM) party, which has a stranglehold on the city. ...


On fleeting Hong Kong trips, Chinese make frugal fashionable

Shoppers walk inside flagship store of Japanese fashion house Uniqlo at Hong Kong's Causeway Bay shopping district By Donny Kwok and Lavinia Mo HONG KONG (Reuters) - Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favor. Wealthy Chinese used to stop over in Hong Kong for a few days to pick up a Louis Vuitton bag or a wristwatch for up to 40 percent less than in Beijing or Shanghai. ...


Yen edges up from lows, Asian shares firmer

(Blank Headline Received) By Masayuki Kitano SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to a low of 102.00. "People say the excessively strong yen has corrected quite a bit. If the yen continues to weaken steadily from here, negative effects on people's lives will emerge," Economics Minister Akira Amari told a Sunday talk show - sparking some buying back of the yen in a thin market. ...


Swift leads, Miguel hurts fans at Billboard Awards

Miguel arrives at the Billboard Music Awards at the MGM Grand Garden Arena on Sunday, May 19, 2013 in Las Vegas. (Photo by John Shearer/Invision/AP) Taylor Swift is red hot.


Officials warn of commuter chaos from Connecticut derailment

Passengers wait to be picked-up after two commuter trains collided in Bridgeport By Richard Weizel BRIDGEPORT, Connecticut (Reuters) - Thousands of Connecticut commuters should brace for travel chaos on Monday as Metro-North workers repair damage on the United States' busiest rail line caused by the collision of two trains, officials warned on Sunday. Lengthy detours and hours of traffic backups were likely as many train commuters take to the road, officials said. The Friday derailment of a Metro-North passenger train that struck a commuter train between Fairfield and Bridgeport, Connecticut, injured more than 70 people and halted full service on the line indefinitely. ...


Syrian troops push into strategic rebel-held town

This citizen journalism image provided by Qusair Lens which has been authenticated based on its contents and other AP reporting, shows Syrian rebels preparing to repel a coordinated attack by government forces, in Qusair, Homs province, Syria, Sunday, May 19, 2013. Syrian troops backed by tanks and warplanes launched an assault Sunday on a strategic rebel-held town near the Lebanese border, pounding the area with airstrikes and artillery salvos that killed tens of people and forced residents to scramble for cover in basements and makeshift bunkers, activists said. (AP Photo/Qusair Lens) BEIRUT (AP) — Syrian troops pushed into a rebel-held town near the Lebanese border on Sunday, fighting house-to-house and bombing from the air as President Bashar Assad tried to strengthen his grip on a strategic strip of land running from the capital to the Mediterranean coast.


Tornadoes level homes in Okla., hit other states

People survey damage from a tornado that hit Edmond, Okla., on Sunday, May 19, 2013. A powerful storm system rumbled through the Plains and upper Midwest on Sunday, spawning tornadoes that damaged roofs and structures near Oklahoma City and kicked up debris in Wichita, Kan. (AP Photo/Sean Murphy) EDMOND, Okla. (AP) — One of several tornadoes that touched down Sunday in Oklahoma turned homes in a trailer park near Oklahoma City into splinters and rubble and sent frightened residents along a 100-mile corridor scurrying for shelter.


Taylor Swift leads at Billboard Music Awards

Taylor Swift arrives at the Billboard Music Awards at the MGM Grand Garden Arena on Sunday, May 19, 2013 in Las Vegas. (Photo by John Shearer/Invision/AP) Taylor Swift is red hot.


Tornado levels homes in Oklahoma City trailer park

A tornado touches down southwest of Wichita, Kan. near the town of Viola on Sunday, May 19, 2013. The tornado was part of a line of storms that past through the central plains on Sunday. (AP Photo/The Wichita Eagle, Travis Heying) EDMOND, Okla. (AP) — One of several tornadoes spawned by a powerful storm system rumbling through the Plains and Midwest has leveled several mobile homes in an area southeast of Oklahoma City.


Officer who shot NY student faced harrowing choice

In this photo copied from the 2010 Sleepy Hollow High School yearbook, high school student Andrea Rubello is shown. Police said Rubello, a junior at Hofstra University in Hempstead, N.Y., was shot and killed Friday, May 17, 2013, during a break-in near the college campus. (AP Photo/Sleepy Hollow High School) NEW YORK (AP) — The police officer who accidentally killed a Long Island college student along with an armed intruder faced perhaps the most harrowing decision in law enforcement: choosing the split-second moment when the risk is so high that you must pull the trigger.


Minaj wins, Mars performs at Billboard Awards

Taylor Swift arrives at the Billboard Music Awards at the MGM Grand Garden Arena on Sunday, May 19, 2013 in Las Vegas. (Photo by John Shearer/Invision/AP) Bruno Mars — and his band — kicked off the Billboard Music Awards in silky red suits that matched their silky dance moves, with bright gold disco balls hanging above them.


Obama's Approval Rating Survives Scandal Week

Here's one place where the president didn't have a dramatic week: in his approval ratings. According to two polls — the Gallup daily tracking poll, and a CNN/ORC International poll released Sunday — Obama's approval rating has more or less remained steady as potential scandal upon potential scandal blew up the news cycle. 

2 FBI agents killed in training accident in Va.

VIRGINIA BEACH, Va. (AP) — Two FBI special agents on the agency's elite Hostage Rescue Team have been killed in a training accident in Virginia, officials said Sunday.

For Detroit in crisis, next six weeks determine bankruptcy fate

A plug is seen coming from the Chevrolet Volt electric car during the North American International Auto Show in Detroit By Bernie Woodall and Karen Pierog DETROIT (Reuters) - Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a bankruptcy filing. Kevyn Orr, a former bankruptcy lawyer, in his first report to the state of Michigan since Governor Rick Snyder appointed him, laid out last week a bracing picture of steps he may need to take to address the city's troubles. ...


Swift, Bieber, more ready for Billboard Awards

Carly Rae Jepsen arrives at the Billboard Music Awards at the MGM Grand Garden Arena on Sunday, May 19, 2013 in Las Vegas. (Photo by John Shearer/Invision/AP) They battle it out weekly on the Billboard charts, and now they're competing at the Billboard Music Awards.


Severe Kansas tornado prompts stark National Weather Service warning

By Chris Francescani NEW YORK (Reuters) - A dangerous, half mile-wide hurricane struck near Oklahoma City Sunday afternoon, part of an extreme weather system moving through the central U.S. and stretching from north Texas to Minnesota. At 6:12 p.m. Central Standard time, the National Weather Service office in Norman, Oklahoma issued an insistent alert on Twitter about tornado striking Pink, a town on the edge of Oklahoma City. "Large tornado west of Pink!" the post read. ...

Tornadoes hit Kan., Okla.; no injuries reported

A tornado touches down southwest of Wichita, Kan. near the town of Viola on Sunday, May 19, 2013. The tornado was part of a line of storms that past through the central plains on Sunday. (AP Photo/The Wichita Eagle, Travis Heying) EDMOND, Okla. (AP) — A powerful storm system rumbled through the Plains and upper Midwest on Sunday, spawning tornadoes that damaged homes and buildings near Oklahoma City and put the Tulsa area on high-alert.


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