[jcp123]

It means OPEC is legitimately scared.

It means Russia will have trouble flexing it's muscles.

It means the US is gaining some of its muscle back.

It means I pay less for the fuel I use less of anyway.

I see no downsides, unless OPEC is willing to help drive prices down a bit further. I think frack-based extraction here has gotten cheaper and is close to break-even point now. OPEC has to be committed to a long-term game of low prices if it wants to drive frackers out, or risk them popping back up at a moment's notice. And, since many of the wells are already sunk, many will have an ongoing output life no matter what.