The EU's oil production has long been declining, and it's quite laughable anyway, an order of magnitude smaller than the US's (https://ec.europa.eu/eurostat/sta

The EU's oil production has long been declining, and it's quite laughable anyway, an order of magnitude smaller than the US's (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Oil_and_petroleum_products_-_a_statistical_overview&oldid=315177#Production_of_crude_oil https://ec.europa.eu/eurostat/statistics-explained/index.php..., https://yearbook.enerdata.net/crude-oil/world-production-statistics.html https://yearbook.enerdata.net/crude-oil/world-production-sta...). We almost completely rely on imports. While I'm happy about initiatives like this for environmental reasons, I'm sure their real reasons have a lot to do with the EU not having oil in a context where it's going to grow increasingly expensive, and not so much with environmental concerns.