In stories told from an omniscient point of view, the narrator is an observer who can relate everything that happens, as well as the private thoughts and feelings of all the characters.
In stories told from a limited third-person point of view, readers' information is limited to what a single character feels, thinks, and observes: "A piece of dancing driftwood caught his attention..."
a literary genre using long speeches to develop characters
He uses stream of consciousness, a technique in which a character's thoughts are presented as the mind experiences them—in short bursts without obvious logic.