November 17, 2012
In this video, Motley Fool energy analyst Taylor Muckerman takes us through some of the biggest investing stories in the energy sector today. He discusses Seadrill and its major new purchase, as well as some other ultra-deepwater industry expansions. Taylor also talks about BP's agreement this week to pay out $4.5 billion for its 2010 Gulf of Mexico oil spill, and how the Department of Justice isn't satisfied. And finally, he discusses the ongoing struggles to restore power to the northeastern U.S., and how deeply the power outages have affected oil refinement in the region. He tells us which refineries are back up and running, and which ones still have a long way to go.
Natural disasters can often affect the supply of oil, which directly affects the price. If you're on the lookout for some currently 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.