A master limited partnership, or MLP, can often be an excellent investment for energy investors, because of the large amount of tax-free cash flow it can create. In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss the ways MLPs return capital to investors, what the new taxation policy coming from the fiscal cliff deal means for the sector, and what's attractive in this space right now.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Magellan Midstream Partners, L.P.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.