“If Iran directly attacked Saudi oil infrastructure, oil is headed to $125 and war is on the near horizon.”
Before Fracking, yes.
Now...no.
The US still imports 1/2 the oil it consumes.
The rest of the world imports most, if not all of what they consume.
And every barrel of US crude is sold to refineries at market rate, or exported at market rate.
If 5mil bbl per day is suddenly taken off the market, $125 a bbl is easy. Especially with a war in the Persian Gulf between producers.
See #40.
The US is NOT a net exporter of oil, we are a net importer.
We are NOT self sufficient.
Whomever is proffering such data is mistaken, or lying.