Some recommendation and warnings to your approach:
you should not depend on your default NLS date setting, while binding a String (e.g. "'01-DEC-21'") to a DATE column. (You probably need also remone one of the quotes).
You should ommit to fetch data in a loop if you can fetch them in one query (using an IN list)
use prepared statement
Example
date = ['01-DEC-21', '02-DEC-21']
This generates the query that uses bind variables for your input list
in_list = ','.join([f" TO_DATE(:d{ind},'DD-MON-RR','NLS_DATE_LANGUAGE = American')" for ind, d in enumerate(date)])
sql_query = "select * from table1 where datestamp in ( " + in_list + " )"
The sql_query generate is
select * from table1 where datestamp in
( TO_DATE(:d0,'DD-MON-RR','NLS_DATE_LANGUAGE = American'), TO_DATE(:d1,'DD-MON-RR','NLS_DATE_LANGUAGE = American') )
Note that the INlist contains one bind variable for each member of your input list.
Note also the usage of to_date with explicite mask and fixing the language to avoid problems with interpretation of the month abbreviation. (e.g. ORA-01843: not a valid month)
Now you can use the query to fetch the data in one pass
cur.prepare(sql_query)
cur.execute(None, date)
res = cur.fetchall()