Unfortunately, we pretty much have to import a certain portion of foreign oil. Most of the new production from the horizontal / fracking technology is “light, sweet” crude, but most US refineries require “sour” crude. (Sweet and Sour refers to sulfur content mainly...)
BUT we are better off if we can sell the sweet stuff we have to pay for the sour we must import.
ALSO lots of overseas buyers would much rather start buying from the US in lieu of Russia and OPEC. Gives them a bit of security and diversification, and pokes a little bit of a stick in Putin’s and OPEC’s eyes. Also helps secure some US power, when we are shedding so much by our leader-from-behind’s actions (or lack thereof).
Sorry, but until the US can refine and use all we produce to make ourselves self-sufficient there's no way any change will end up any differently than NAFA and all the other free trade initiatives that have reduced number of decent jobs in the US.
Overall, in fact, it all would boil down to the same thing as the H-1B program in reverse where we pay whatever people elsewhere pay for their gasoline and petroleum products because we compete with them for each gallon of fuel or petroleum products the same way we have to work for less because people in India and China will work for less.
Look, NAFTA, wasn't going to put people out of work, H-1B would never take jobs from Americans or drive wages down in tech industries, and all the other "free trade" garbage was going to help us, too.
Now that there are millions of people who once had decent jobs working at Walmart or flipping burgers and dependent on Foodstamps to help them get by but still can't make their house payment, there's just no way I'm buying the "free trade" garbage again.