This video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and senior analyst Mike Olsen discuss topics around the investing world.

Mike isn't quite sure whether $4 gas is here to stay, but he does see higher energy prices in the near future. He sees drillers and energy service companies doing well in the current pricing environment, and he lists some companies that investors may want to take a closer look at. The video concludes with Mike's favorite energy idea for right now.

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