The US can produce more than anyone else. But they can’t produce enough of the correct type of crude. What they can produce is good for gasoline, but not other fuel types without investing heavily in refactoring infrastructure which would take years. It’s cheaper to just buy it from others. That’s why diesel is skyrocketing. This is what they quickly discovered after kidnapping Venezuela’s. US imports most of their heavy oil from Canada, who he has spent months destroying relationships and agreements with because they refuse to bend the knee.
He just enacted an emergency order for California to re-open sites off the coast. It won’t be enough. US would still need to import millions of barrels a day to keep inflation down.