When Obama closed off oil exports from the US it was thought to make us independent of Saudi economic terrorism since we were, once again, a net exporter thanks to fracking. Trump rescinded that agreement but left all of the environmental "look the other way" policies in place that greatly benefited the industry. (You can see the burn off of methane from space over the Balkan region in N Dakota.)

Biden has left the Trump policies mostly intact and has opened up new drilling and pipelines. This is in spite of the US remaining an exporting nation for both crude oil and refined products. The price increases at the pumps have little to do with oil supplies. They simply reflect a price that assures investors of a steady ROI on greatly diminished production as the pandemic slowed down delivery of goods and kept people off the roads worldwide.