OPEC cuts fail to stop oil crash

The crash before the storm?

Despite a significant cut in oil production by OPEC, oil prices are down more than $3.00 today as I write this post. Likewise, gas inventories have grown and cheaper gas is inevitable. 

Ironically, for now, this price decline might not mean much to consumers whom are fearful of a deeper recession. Thus, a rush back to guzzlers is probably unlikely. Likewise, automakers have made at least a partial commitment to reduce the size of their SUV and truck fleets. So, it seems, we'll never fully go back to our gas-guzzling ways.

Hence, in 2020, will America still be just as dependent on OPEC, or almost free of OPEC dependency?