The current global steel price collapse, whichjoins oil in a formative worldwide glut, unfortunately is signaling further deterioration.

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.

With negative oil demand/supply inversionhaving reached a low point as 2015 ended, there are increasing signs that the red-hot shale expansion is in a state of re-evaluation.

What does this change means for the U.S. energy sector?

This expanding glut has encompassed fossil fuels (coal, oil and natural gas), plus copper, lumber, iron ore, rare metals and even most agricultural products.

One of the more bizarre aspects of the UnitedStates administration’s energy policy has been the hesitation in removing the 1974 U.S. oil embargo.

While the administration has blocked the Keystone XL oil pipeline and retained the 1974 U.S. crude oil export embargo, reliable sources have revealed alternatives to keep major refining capacity operating at full strength.