We’ve been hearing a lot of garbled information about the deepwater drilling ban in the Gulf. Here’s what investors should know!

Earlier in the week, the administration issued a new six-month moratorium on deepwater oil drilling in the Gulf of Mexico, replacing an earlier ban that had been struck down by U.S. courts as being too broad.

The new ban will suspend most deepwater activities, just like the old one; impacting 21 rigs total.

And in an attempt to avoid additional legal challenges, the new ban is based on the type of equipment being used -- not solely the depth of the water, as in the first moratorium.