But more importantly the whole global warming, anti-oil movement has been to minimize the impact of OPEC on US, and put pressure on oil producing nations, largely Russia.
OPEC remains the only organization to outwit the US by exploiting their reliance on it. Take a look at the oil shock during Carter's administration.
With fracking the US does not need OPEC/Saudi as they used to and they are freaking out. The main countries whose economy largely depends on oil have already suffered the economic consequences: Venezuela, Russia, etc. They also happen to have earned the ire of US by not submitting to their rule.
Electric cars will still be well out of reach from the rest of the population (Tesla shareholders/shills will say not for long) and combustion engine will still be in demand.
It was one thing to confront the US as USSR or when US oil production was low, it's a whole new ball game now.
It's no coincidence with fracking on US soil, we started to see a decline in crude oil prices, and oil producing countries panicking.