Texas alone has the resources to provide enough fossil fuel to power our cars far into the future but are hampered by green regulations preventing any new refineries from opening
Well I tried googling it and it sounds more like no one wants to invest money in building oil refineries because they think consumers might switch more and more to greener options. Probably the investors are correct but I don't think consumers are being forced to go green.
Also, I tried to find out how much we are having to import and it is kind of confusing between refined and crude, this is what I found. It sort of sounds like we already could take care of our needs if we didn't export a lot (I'm guessing the oil companies get higher prices from Europe than they can get locally).
The United States was a total petroleum net exporter in 2020 and 2021
In 2021, the United States exported about 8.63 million barrels per day (b/d) and imported about 8.47 million b/d of petroleum,1 making the United States an annual total petroleum net exporter for the second year in a row since at least 1949. Total petroleum net exports were about 0.16 million b/d in 2021, and total petroleum net exports in 2020 were 0.63 million b/d. Also in 2021, the United States produced about 18.66 million b/d of petroleum and consumed about 19.78 million b/d. Even though U.S. annual total petroleum exports were greater than total petroleum imports in 2020 and 2021, the United States still imported some crude oil and petroleum products from other countries to help to supply domestic demand for petroleum and to supply international markets.
The United States remained a net crude oil importer in 2021, importing about 6.11 million b/d of crude oil and exporting about 2.90 million b/d. However, some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—that the U.S. exports. Also, some of imported petroleum may be stored and subsequently exported.
U.S. petroleum imports peaked in 2005
After generally increasing every year from 1954 through 2005, U.S. gross and net total petroleum imports peaked in 2005. Since 2005, increases in domestic petroleum production and increases in petroleum exports have helped to reduce annual total petroleum net imports. In 2020 and 2021, annual total petroleum net imports were actually negative, the first years since since at least 1949.