Gas cap confusion

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Okay, I’m still too dumb to get it I guess… I see that vent tube run from the tank to the top of the filler tube, which makes me think it is still a closed loop if the cap is not vented. Where does it actually vent out to the air to prevent the tank from sucking vacuum?
Guys, correct me if I'm wrong but the early vent tubes are trying to prevent splash back during filling. Ruety, If I were you I would drill a vent hole in your cap. May be under the bar and on the end or underneath where it can't be seen. It wouldn't leak gas out unless you filled the tube up to the top.