We were net exporters, we still sold abroad and bought from abroad. A lot.
Heck, we're Venezuela's biggest (only?) customer (they have a type of crude that basically only we have the facilities to refine), and the biggest buyer of Iranian oil via 3rd parties till Obama brought that to an end.
It isn't a matter of just turning on the spigot. Demand was sharply curtailed last year, there was a surplus which at one point producers were PAYING{?), not selling to get off their hands. Supply and demand is still a thing, and now OPEC wants to recoup what they lost in earnings last year.
Anyways, prices are still TOO LOW, as subsidies have reduced selling price to half since the beginning of the industry. Perhaps it's time to wean that 'Socialist'/Corporatist mega money making industry off the tax payer teat, get realistic, and decide to pay for what we want instead of whining like the spoiled entitled brats we are.
Hey, I know it ain't easy, I haven't driven since 1991, and it'd be a bigger hassle for those living somewhere where walking might tire couch potato legs. But bottom line, like Ol' Grandpappy Modda used to say, "First rule of Capitalism: If ya don't want ta buy it, ya don't have ta have it."
Sad that we're burning our future away because we want everything cheaper than what it costs to produce because that's the price of being a gluttonous obese narcissistic society.