the Saudis are trying to force their product in so that the US producers quit the field.
The genie is out of the bottle. SA can't take our resources away. If Sa tries to break our oil and gas industry, it would only be short term. At some point it will no longer work, and our oil and gas resources will be used.
Saudis can keep playing this game for decades. In the meantime, they cripple the US oil industry. We need a floor price for oil imports. Then, investors for domestic production won’t lose their shirts.