You keep saying this despite it being wrong. America hasn’t run out of cheap oil. Americans pay less for oil because we produce oil cheaper than most others, and that will be true relative to e.g. China for fundamental, structural reasons. All while the economy uses less oil [1], year after year, per person and unit of production. (Adjusted for inflation, WTI is about where it was in the 1980s, and lower than it was in the 1970s and most of last decade [2].)
Unless your argument is now peak oil. That we’re running out of oil, as a planet, i.e. that oil will cost more as we extract less. Something we’ve known for decades and are actively re-structuring our economy for. If that’s the case, then your comparisons to Southeast Asia don’t make sense—they pay more for oil, are less productive with it and thus will experience price increases more painfully than America will.
> Domestic consumption of energy showing signs of serious stress
This is a brand new plot point that is also entirely wrong. Total energy consumption is at an all-time high [3]. We’ve even recovered from the pandemic [4].
[1] https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M...
[2] https://inflationdata.com/articles/inflation-adjusted-prices...
[3] https://www.eia.gov/energyexplained/use-of-energy/
[4] https://usafacts.org/state-of-the-union/energy-environment/