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In recent months we've had the BP disaster, the Obama moratorium, and generally oily investor sentiment around drillers, but one truth reigns supreme, says Motley Fool Income Investor analyst James Early: Deepwater remains on oil's horizon. In fact, it defines it: With most of the world's light, easy-to-access crude siphoned dry, heavy oil deep under water will have to slake our world's petro-thirst.
Global deepwater leaders like Brazil's Petrobras(NYSE: PBR) and Norway's Statoil(NYSE: STO) should have an advantage, but investors wishing to stay stateside can more safely ogle ConocoPhillips(NYSE: COP) or Chevron(NYSE: CVX). And given ConocoPhillips' added focus on natural gas and refining, Chevron emerges as the purer play for a domestic king of the deep. Watch the video for James' analysis:
James Early is the advisor ofMotley Fool Income Investor, which you can try for free with a 30-day trial. James does not own shares of any companies mentioned. Chevron, Petroleo Brasileiro, and Statoil ASA areIncome Investorselections. The Motley Fool has adisclosure policy.
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