Forget Shale Drilling -- This Will Drive the Future of Oil
There has been a lot of talk about how shale drilling is the game-changing energy event for both the U.S. and the world. But this train of thought does injustice to another fast-moving oil space: offshore drilling. In the past decade, more than 41% of all newly discovered oil has been found in ultra-deepwater regions, outpacing both onshore and near-shore finds. Also, with big finds in areas like the Gulf of Mexico, offshore Brazil, and Africa, there is still a lot of development that will help to drive the industry.
Of course, exploration of ultra-deepwater can be both expensive and risky. Just ask a company like Royal Dutch Shell , which has dumped more than $5 billion into looking for oil off the shores of Alaska only to come up with nothing. Rather than worrying about whether oil gets found, investors should look at the companies, such as rig companies, that make money offshore regardless of whether oil is found. Rig fleets are set to explode worldwide in the next couple of years, and some players are getting ready. Tune into the video below where Fool contributor Tyler Crowe looks at a couple of rig companies gearing up for the offshore boom.
The offshore industry may be about to take off, but why limit yourself to just one part of the oil sector? Analysts here at The Motley Fool have identified one behind-the-scenes energy giant that is poised to make profits from every facet of the oil and gas industry. To get the name and detailed analysis of this company that will prosper for years to come, check out the special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
The article Forget Shale Drilling -- This Will Drive the Future of Oil originally appeared on Fool.com.Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool.The Motley Fool recommends Chevron, Petroleo Brasileiro S.A. (ADR), and Seadrill. The Motley Fool owns shares of Seadrill and Transocean. 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.
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