The oil still has to be transported and refined and sent to market. The US has the best refine/transport system. Yeah, Saudis make a bigger profit
but US producers still make something and they supply a local market as we can’t export.
I get Conoco from Montana so it is all local stuff. We even have no ethanol 90 for the price of premium. Small engines last longer.
I’d gladly pay that. It’s not even available near me due to EPA regs.