Yeh, but there is a slight difference in they have a fuel tank size of X only allowed, but I get your point. The way it is currently just doesn't sit right with me. I'm not a fan of hearing people being told to conserve fuel/tyres every single race instead of actually pushing to catch people/overtake.The cars have been managing fuel ever since refueling was banned. This year is no different.
However to say it's not racing is a bit blasé. The challenge with racing was that the cars always had more downforce than power in the engine, so now with it being the other way round, the drivers have to actually drive the car rather than point and turn in.