In this edition, energy editor Joel South discusses relevant topics throughout the energy sector and provides his insight into the companies involved. Today, he talks about a number of topics, including the offshore drilling industry and potential risks that investors need to look out for. Also, Joel talks about potential winners and losers if the Keystone Pipeline comes on line.

Crude supply issues have been strained recently, leading to sizable gains in oil prices. Although this is terrible news when it comes to topping off your vehicle, a number of savvy investors rejoice as they realize huge gains in their portfolio. If you're on the lookout for some currently intriguing ways to profit from high oil prices, check out The Motley Fool's "3 Stocks for $100 Oil." You can get free access to this special report by clicking here.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.