Quite likely. Consuming more than it can produce. Not unlike the US, until very recently. Growing economy is hungry for energy. Use up all the domestic production and import the rest.
Reportedly, the US has leaped forward and is now #1 in production, ahead of Russia, Saudi Arabia, China, and Canada.
For the last 40 years or so, the US has had a ban on crude exports in place. Maybe it's time to lift the ban. That might exacerbate problems in places like Caracas, Tehran, Moscow, Riyadh. What a shame.