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Interesting that no one else has brought this up, but deep-water oil exploration, which is what is being proposed, requires very specific equipment that is both rare and not easily manufactured. The proper equipment required to drill in the Gulf and Atlantic, in the field proposed, would require this equipment (i.e., you can't plop a drill rig out there and expect them to hit oil - it's too deep).
The equipment designed for this sort of thing is booked until 2012. And that's for the drilling, not the pumping, which would take another 2-5 years to construct.
Add that to the issue that drill rigs are renting at all-time highs and that those available to work in ANWAR would simply be shifted from other sites with known deposits, and this is moronic.
It's a fix that won't work anytime in the near future, and when it does won't actually accomplish much.
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