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When I hear statements like this I wonder if people know anything about the oil business. Do I know a lot? No. But I think I am on sound footing to know that American oil seems to cost more to extract than Saudi oil. At a certain dollar level American oil does not pay.
I know the oil patch, I may not be an economist, but people came up here to North Dakota from all 50 states, Puerto Rico, and from as far away as Liberia and Nigeria to work in the US oil patch. That money got spent, mostly in the US. The local economy boomed, and that reached from North Dakota to Texas, to industries in PA and California.
Spend it there (Saudi, etc.) and some one will buy a few slave girls and a silver (not the color, the metal) Mercedes.
You tell me what's better for America.