A U.S.-based energy development bonanza is anticipated.

The emergence of U.S.-based hydraulic fracturing (fracking) having become cost-effective.

With technology suppliers, such as drilling rigs for deep sea access, maintaining competitive pricing, the U.S. oil industry is expected to gain substantial export business.

Simultaneously, ports are cropping up around the rim of the Gulf of Mexico to take advantage of alternative demand, especially in Eastern and Central Europe.

“A veritable boom is in the making for U.S. WTI producers.”

The 1975 Nixon embargo against U.S. global oil exports has been totally lifted as part of a 2015 year-end bipartisan U.S. budget agreement.

The speed and the intensity with which the price of global crude oil dropped from $100 a barrel at mid-year 2014 to the low $40s by the end of January 2015 is still befuddling.

Building the trans-Canada XL oil pipeline obviously would accelerate Canadian crude shipments to U.S. Gulf Coast refineries.

Most energy analysts have been surprised by the recent price climb of West Texas Intermediate crude oil to more than $100 per barrel. Since U.S. demand, which reflects the domestically extracted “light crude,” traditionally generates its lowest prices in the winter months, historically annual prices dropped accordingly in 2013, during which prices averaged from the low to middle $90s.