Is $100 Oil actually a 1970s-style threat, or is the "US Energy Shield" making us over-react?

I’ve been seeing a lot of headlines lately about the Strait of Hormuz and a potential spike to $100 oil. Naturally, everyone is jumping straight to 1973 comparisons, talking about stagflation and a total market crash. But looking at the actual macro data, it feels like 2026 is a completely different beast.
Why I think the $100 Oil "Doomsday" is overrated:
The US is now the world’s largest producer: In 1973, we were desperate for imports. In 2026, the shale and fracking booms have turned the US into a top producer. Higher prices are almost "neutral" to the economy now because domestic profits offset the cost for consumers.
Infrastructure Flexibility: We have pipelines like Yanbu and strategic reserves that didn't exist 50 years ago. A closure of the Strait of Hormuz would definitely cause a speculative pop, but a physical shortage in the West is much less likely.
Economic Suicide for Exporters: Any prolonged closure hurts the guys selling the oil just as much as the buyers. Demand destruction hits hard at $100+, and no one wants to lose their market share forever.
Personally, I’m seeing this as a "Regime Shift" in the market. If oil spikes, capital is probably going to rotate into Energy stocks with domestic footprints or even accelerate the EV pivot.
Are you guys actually de-risking because of the geopolitical noise, or are you betting that the "Energy Shield" holds up? I feel like the panic is based on old maps that don't apply anymore.