It’s not so easy for the US to flood the earth with oil. The US is a relatively high-cost producer. Cheap oil will be disastrous to US producers.
Current restrictions on production, the foolish policy of the current administration, increase US production costs, but to only a slight degree.
The key players with low production costs/or low investment requirements, are the Saudis, still.
We’ve been through this already.
They are significantly hindering production and distribution despite hitting national highs. US is a relatively high cost producer in part because of this administration.
On Jan 28th, 2021-Biden released his energy EO-resulting in prices going higher on air before anything substantive even took place.
The truth being in the middle-might in and of itself be enough.