Nope. We aren't facing an emergency of the kind that we can do anything about without destroying what we already have. I'm old enough to remember the warnings from the 70's and 80's about what was going to happen in the 90's. The opposite happened. We can and should do what we can but if we destroy our economy, those efforts will fall short very quickly.
Do you know how much CO2 is emitted in shipping a tanker of oil to the US? If there's such an emergency, why not produce more in the US instead of importing it? If there's such an emergency, why weren't rules suspended to not allow the auctioning of strategic oils reserves that were going to be exported? If there's such an emergency, why are US refineries being made to produce more ethanol, which is less efficient than non-ethanol?
The only reason an emergency is being declared is exactly what the Administration is saying, and that's because Congress isn't doing anything. Congress is all caught up in January 6th hearings, creating legislation to ultimately enrich its members, and finding more ways to create deficit spending special interest earmarks.