I know we’ve been down this road before, but since it’s been a while, and in light of Bush’s emphasis on ANWR, it’s probably worth keeping a few details in mind that the president neglected to mention.
"Drilling in ANWR would likely produce only 3.2 billion barrels of oil, according to the U.S. Geological Survey, not even enough to satisfy six months’ demand; oil would not begin to reach the market for another 10 years; and it would take 50 years to extract the full amount. For this pittance, the House leadership and the administration are willing to disturb hundreds of acres of pristine wildlife habitat."
I’d just add that the NYT reported a while back that oil companies are now “largely uninterested in drilling” in Alaska’s Arctic National Wildlife Refuge, because “any oil from the refuge would meet only a tiny fraction of America’s needs.”
My hunch is, the White House wanted to a) look like they were offering a proposal to address the gas-price problem; and b) try to pin high prices on congressional Democrats. I’d be surprised if anyone really fell for this nonsense, but given the president’s enthusiasm, it’s worth setting the record straight.