[Paleo Conservative]

They are dumping oil at lower than the cost of production to harm US domestic production.

Lower than US costs, but higher than Saudi costs.

[Jewbacca]

Kind of. It’s hard to do a apples-to-apples comparison due to the way oil is owned and produced in the two countries. If you strip out royalties, taxes, and fees and whatnot, it’s about the same cost, with Saudi being slightly lower.

But if you count all-in-cost in Saudi (including transport), it’s $98 to break even in Saudi. (See link above.)