August 17, 2012
Offshore rig utilization continues to increase, with more than 82% of offshore vessels worldwide being employed. By the looks of it, the bonanza is just beginning, with more than 230 projects taking place and more reserves being located throughout the world. In this edition, Joel looks at the offshore landscape and discusses some new oil-field discoveries as well as a few recent deals.
The growing demand in offshore drilling signifies that the marginal cost of oil is increasing, meaning if demand does not decline, prices are going to rise. A number of energy companies are set to soar if crude prices increase as the price differential will go directly to their bottom lines. If you're on the lookout for some of these intriguing energy plays, check out The Motley Fool's 3 Stocks for $100 Oil. You can get free access to this special report by clicking here.