In this video, Motley Fool energy analyst Taylor Muckerman takes us through some of the biggest investing stories in the energy sector today. He discusses Seadrill and its major new purchase, as well as some other ultra-deepwater industry expansions. Taylor also talks about BP's agreement this week to pay out $4.5 billion for its 2010 Gulf of Mexico oil spill, and how the Department of Justice isn't satisfied. And finally, he discusses the ongoing struggles to restore power to the northeastern U.S., and how deeply the power outages have affected oil refinement in the region. He tells us which refineries are back up and running, and which ones still have a long way to go.
Natural disasters can often affect the supply of oil, which directly affects the price. If you're on the lookout for some currently intriguing energy plays, check out The Motley Fool's "3 Stocks for $100 Oil." You can get free access to this special report by clicking here.
The article Energy Today: Seadrill, BP, and the Offline Northeast Refineries originally appeared on Fool.com.
Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Seadrill. Motley Fool newsletter services recommend Seadrill. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.