In fact all of the above is not the case. I am just pointing at the fact that US has own oil and a lot of it. It is currently among top producers. It could be there in 1990 too.
And Saddam still had to sell his oil somewhere US included.
You are heavily exaggerating the above development impact on both oil price and US industry.
I think everyone agree that 9/11 was a price too high. And 9/11 is actually just a drop in the ocean.
[In fact all of the above is not the case. ]
You do realize that Saudi Arabian government, which gets the profits from oil production, redistributes* this money to the population in the form of universal welfare benefits, don’t you? Whereas the only Americans benefiting from higher oil prices are the people who work in oil companies and their suppliers. Chemical companies, car companies, etc all take hits, in addition to which the US consumer takes the biggest direct hit.
Even today, with US oil production at a record 12m, US oil imports are around 8m barrels a day. Because we consume 20m barrels.
* Russia’s actually the same way. It’s the Saudi Arabia of the north. Low oil prices are why Russia is having problems paying pensions.