Who owns the market share makes a world of difference. When OPEC controlled world oil production we kissed their asses and protected the oil straits. For the entire world by the way. With no thanks from Europe, Japan or China. But now we don’t need their oil because we are expanding our domestic production. So guess what, we can give both our enemies and our allies the middle finger. Do you have any idea how that repositions the US in global oil trade?
Why is our Navy there protecting the oil flow? Because we can and no one else, Russia, Japan, or China can. Do you understand that leverage?