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.
