There is a really interesting dynamic where the Saudis have basically pushed the line of thinking that they have a special relationship with us going back to WWII or WWI. I generally am a bit skeptical of Cato Institute but they had a great podcast with Prof Robert Vitalis about this that shed a ton of light on exactly this question for me.
https://podcasts.apple.com/gb/podcast/americas-oil-myths/id1...