Could Offshore Energy Be Coming to a State Near You?

Offshore drilling technology has opened the door to drill for oil in places we never thought possible, and in some cases in places where we had not found oil previously. This, and the desire for the U.S. to become more energy independent, has put drilling for oil off the Atlantic Coast on the table again. The American Petroleum Institute has been gathering a coalition of members of Congress to push for offshore leases in Virginia, North Carolina, and South Carolina.

The U.S. had plans to open up offshore fields off the Virginia coast as recently as 2010, but those were put on hold after the Macondo spill incident. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy look at some of the companies that could take advantage of this new market, as well as some of the other offshore energy projects happening on the East Coast.

Whenever new exploration is expected to happen, some of the first companies to profit from are those in the oil-services industry. In America, one of the premier choices is Halliburton, one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2491795, ~/Articles/ArticleHandler.aspx, 12/19/2014 10:27:43 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement